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

[Loki]

25 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!

 

16 minutes ago, Talking Monkey said:

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.

 

I'd assumed it was some sort of grand model, sounds like he reckons he made a semi-sentient computer with Pentiums.  Yeah it's bollocks.

[Hancock]

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[DurhamBorn]

1 hour ago, Funn3r said:

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.

Did he get it years ago,they used to look like a brush then.Nowadays you can get superb ones called FUE.I guess it depends how much you need and how much you pay.Dosbods is well know to suffer from balding members,each five bucks up in Brent means more custom for hair clinics.

[CannonFodder]

4 minutes ago, DurhamBorn said:

Did he get it years ago,they used to look like a brush then.Nowadays you can get superb ones called FUE.I guess it depends how much you need and how much you pay.Dosbods is well know to suffer from balding members,each five bucks up in Brent means more custom for hair clinics.

You really do see those cross market opportunities,

[leonardratso]

5 minutes ago, DurhamBorn said:

Did he get it years ago,they used to look like a brush then.Nowadays you can get superb ones called FUE.I guess it depends how much you need and how much you pay.Dosbods is well know to suffer from balding members,each five bucks up in Brent means more custom for hair clinics.

but id true dosbods style a cheap ginger rug or even better a discarded mop head will do the trick and look just as good.

[Yellow_Reduced_Sticker]

4 hours ago, sancho panza said:

....They're planning a Great reset but the Great Reset might jsut be the end of their time in power.

 

1 hour ago, Axeman123 said:

 What does Mr Armstrong use his world beating technology for? A subscription investment newsletter!

...and yet Armstrong's not it it for the moolah!

https://www.armstrongeconomics.com/armstrong-in-the-media/the-forecaster/the-revenge-of-martin-armstrong/

Didn't Armstrong claim the real reason he was banged-up was cos he wouldn't give the US alphabet agencies his SECRET CODE?!

 

interesting article: https://www.newyorker.com/magazine/2009/10/12/the-secret-cycle

 

Anyways, BEST financial advice/info is right on this board from the many contributors, the gold coming from the North East UK, and its PROFITABLE!

 

I am testament to that profit, AND no subscription investment!

 

[Gin]

A large amount of banknotes are held in the UK to pay for things: the cash in our wallets; in shop tills; in banks and ATM machines. People also hoard cash as a form of savings. Large sums are also likely to be held overseas or for illegal uses: the so-called ‘shadow’ economy.

There are over 70 billion pounds worth of notes in circulation

That is roughly twice as much as a decade ago…

Or equivalent to around £1,000 per person.

https://www.bankofengland.co.uk/knowledgebank/will-cash-die-out

 

The Bank of England are being very open .

[Animal Spirits]

Never mind all this talk of Armstrong, the only Nostradamus-esque figure I know of hails from the North East, lives on a coal seam and searches the supermarkets for yellow label food.

[Axeman123]

2 hours ago, Loki said:

he made a semi-sentient computer with Pentiums

[CannonFodder]

https://www.thelondoneconomic.com/politics/hmrc-to-move-to-newcastle-office-owned-by-tory-donors-via-tax-haven-302551/?utm_medium=social&utm_source=facebook&utm_campaign=sfeu

 

there is something increasingly wrong in this land... 

[Hancock]

46 minutes ago, CannonFodder said:

https://www.thelondoneconomic.com/politics/hmrc-to-move-to-newcastle-office-owned-by-tory-donors-via-tax-haven-302551/?utm_medium=social&utm_source=facebook&utm_campaign=sfeu

 

there is something increasingly wrong in this land... 

Maybe the government have priced themselves out of the property market and have to rent.

[mcdongle]

6 hours ago, DurhamBorn said:

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."  

My sister has just invested with St James Place. initial charge 5% , ongoing 2%. Tried to get her to do it all herself and save on charges, She said she doesn't know enough about finance and investing.

Her job is CEO of a council.. And yes they have been buying up property but only when an expert!! says its worth buying.

[DurhamBorn]

9 minutes ago, mcdongle said:

My sister has just invested with St James Place. initial charge 5% , ongoing 2%. Tried to get her to do it all herself and save on charges, She said she doesn't know enough about finance and investing.

Her job is CEO of a council.. And yes they have been buying up property but only when an expert!! says its worth buying.

That doesnt surprise me as CEO of a council she doesnt understand compounding percentages, after all she puts 5% Council tax increases on everyone whos wages go up 2% so in the end the only people with any money will be her,and it seems St James Place.She fleeces workers,St James fleeces her.

[Sidd]

1 hour ago, DurhamBorn said:

That doesnt surprise me as CEO of a council she doesnt understand compounding percentages, after all she puts 5% Council tax increases on everyone whos wages go up 2% so in the end the only people with any money will be her,and it seems St James Place.She fleeces workers,St James fleeces her.

Seriously at this hour of the day, with my eyes half open, that was one of the best posts i could have read to put me to bed.

[JMD]

7 hours ago, Hancock said:

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

Yes, but China has been buying land all over the world, including the US. And i guess individual countries can easily control physical assets within their borders, export controls, etc... I mean even here Huawei has been given its marching orders. 

[JMD]

7 hours ago, Starsend said:

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.

My 'friend'(?!) thanks you for the info. Though apparently for CGT, selling and then immediately buying back, say for example half the weight in the same commodity, makes you liable in tax terms for only 50% of the sale. 

[wherebee]

The new Botswana variant of COVID is causing futures to crater and oil is likely to follow.  If you want to back up the truck on oilies, this next trading session could be a nice one.

If XOM goes back below 59, I'll get some more.

[planit]

4 hours ago, wherebee said:

The new Botswana variant of COVID is causing futures to crater and oil is likely to follow.  If you want to back up the truck on oilies, this next trading session could be a nice one.

If XOM goes back below 59, I'll get some more.

I am not going to rush in, I nearly posted yesterday to say I can imagine US is seeing a similar ramp up in Covid cases as EU but they are not obsessed with testing like EU is so it might be growing a bit in the background.

I didn't see it as a big threat but enough to worry markets for a while.

VIX has been rising last few days too.

With this new strain I can imagine a few weeks of unease.

 

Sold a few oilies yesterday but now wish I sold 5 times the amount (thought I had some time before my theory played out).

[wherebee]

11 minutes ago, planit said:

I am not going to rush in, I nearly posted yesterday to say I can imagine US is seeing a similar ramp up in Covid cases as EU but they are not obsessed with testing like EU is so it might be growing a bit in the background.

I didn't see it as a big threat but enough to worry markets for a while.

VIX has been rising last few days too.

With this new strain I can imagine a few weeks of unease.

 

Sold a few oilies yesterday but now wish I sold 5 times the amount (thought I had some time before my theory played out).

Indeed, I have two main theories on what is going to happen - this winter is as bad as I think, and everything craters as the truth about shit vaccines comes out in the US and UK.  Gold, BTC, and miners do best.  Oilies drop (not crater) and we pick up more for the future (slim chance of green energy/climate change being trusted if the COVID vaccine lie is exposed).  My bellweather is Moderna, as I have been saying for months.

Or... a little dip now, governments continue to shift the narrative to 'awful COVID, get yer BOOSTERS' and oilies continue to grow as the supply continues to decline.  

Another macro element might be China invading Taiwan in the spring (only time when you have zero chance of typhoons).  In that case, gold to the moon, oil to the moon, etc.

It's all on a knife edge!~

[MrXxxx]

https://www.reuters.com/markets/europe/global-markets-wrapup-4-2021-11-26/

It is now evident that a consortium are using Coronavirus [and its fear] to manipulate the market for entrance/exit points...the sooner we just accept to live with this virus, the sooner their advantage would be lost, so don't expect Coronavirus to 'disappear from the radar' for a long time.

[Boon]

Looks like some things might be on sale today....

The timing is convenient. Biden can't get cheaper oil by asking the Russians or OPEC, and the SPR release did feck all, this is probably a better way to go about it. Make people shit their pants with a new variant. 

[planit]

Ok, couldn't resist buying Some BP at 313p

 

I then had a hair-brained moment and added EasyJet, bit like a kid in a discount sweet-shop this morning 

[geordie_lurch]

I knew I should have added more stop losses when my Petrofac ones were triggered but I got distracted

[moneyscam]

26 minutes ago, planit said:

Ok, couldn't resist buying Some BP at 313p

 

I then had a hair-brained moment and added EasyJet, bit like a kid in a discount sweet-shop this morning 

Ha Ha I picked up EZJ as well for a quick in and out trade thinking there is a bit of an over reaction always at the open.

[AlfredTheLittle]

Looks like yet more panic over nothing. @Hancock is this the dip that you were waiting for?