Credit deflation and the reflation cycle to come (part 8)

[Long time lurking]

 

[Long time lurking]

My money is Rishi not making it to the next GE unless he calls it for May

 

[Errol]

 

[Alifelessbinary]

4 hours ago, Long time lurking said:

This is the western puppet government making this decision 

I`m starting to hear more and more on the MSM regarding Chian`s "system" is now challenging ours always coupled with how draconian that system is apposed to our free democracy 

 

 

I bet India love that! 
 

While I understand the benefit of BRICS, they’re starting to hoover up any old crap like the European Union. Whether they can leverage these smaller countries is to be seen, but if it destabilises relationships between members I do question the benefits.

NATO et al, have worked because America were able to hold the whip hand, I struggle to see an obvious leader for BRICS at the moment. Maybe they’ll have a rotating presidency.

I’m yet to be convinced in the short term that it will impact my investing focus. Let’s see what the next 10 years brings.

 

[Long time lurking]

36 minutes ago, Alifelessbinary said:

I bet India love that! 
 

While I understand the benefit of BRICS, they’re starting to hoover up any old crap like the European Union. Whether they can leverage these smaller countries is to be seen, but if it destabilises relationships between members I do question the benefits.

NATO et al, have worked because America were able to hold the whip hand, I struggle to see an obvious leader for BRICS at the moment. Maybe they’ll have a rotating presidency.

I’m yet to be convinced in the short term that it will impact my investing focus. Let’s see what the next 10 years brings.

 

I read that like the China are going to collapse stories ,people just fail to understand what it`s all about and how much things have changed in the last 4 years 

For a start you have completely missed the whole point when you compare the European union to what the BRICS are trying to achieve ,they are completely in comparable 

 

[Long time lurking]

 

[sancho panza]

anyone else tempted? some bad news today on a fire retardant used in US bush fires but marektwatch sayingit's minor.

they ve ahd a bad year or two for sure.balance sheet isnt the best but theyre starting to look like the scottish play which did eventually bounce and multi bag..

@Castlevania @DurhamBorn or anyone else?

Compass Minerals International, Inc., provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products. This segment provides products for use as a deicer for roadways, consumer, and professional use; as an ingredient in chemical production; for water treatment, human, and animal nutrition; and for various other consumer and industrial uses, as well as records management services. The Plant Nutrition segment produces sulfate of potash specialty fertilizers in various grades that are used in broadcast spreaders, direct application, and liquid fertilizer solutions under the Protassium+ brand name; turf products used by the turf and ornamental markets, as well as for blends used on golf course greens; organic products; and develops and produces a portfolio of magnesium chloride-based aerial and ground fire retardant products. This segment provides its products to distributors and retailers of crop inputs, as well as growers. The company was formerly known as Salt Holdings Corporation and changed its name to Compass Minerals International, Inc. in December 2003. Compass Minerals International, Inc. was founded in 1844 and is headquartered in Overland Park, Kansas.

 

https://www.marketwatch.com/story/compass-minerals-shares-touch-52-week-low-on-fire-retardant-concerns-694f2b94

marketwatch making the oint its a small aprt of teh business

[Funn3r]

4 hours ago, NogintheNog said:

And this is exactly the reason why Bitcoin could be used as a trusted international payment. Maybe Bukele and El Salvador are ahead of the game here...

Heard Argentina are thinking of bitcoin as well having seen it tentatively working in El Salvador. I imagine there will be a huge focus from the central banks watching those countries. For me a major selling point of bitcoin is that it puts the central banks out of a job. I expect they do not like that very much.

Unless that's what they want you to think and the CIA are waiting for it all to be going fantastically before they use their secret backdoor to pull the rug. I think it's a risk worth taking.

[Funn3r]

10 minutes ago, sancho panza said:

The company was formerly known as Salt Holdings Corporation

I think that is a more impressive name actually. "Compass" sounds like the crap catering provider at my works.

They have an very decent record for years. They actually make useful things which people need. And they are cheap. Is this a dosbods company  - I say it is.

[Mandalorian]

3 hours ago, Errol said:

 

Step 1:  Buy gold.

Step 2:  Hold on to gold.

Step 3:  Return to step 1.

 

Now how much can I bill the asset managers for my advice?

[montecristo]

17 minutes ago, Funn3r said:

Heard Argentina are thinking of bitcoin as well having seen it tentatively working in El Salvador. I imagine there will be a huge focus from the central banks watching those countries. For me a major selling point of bitcoin is that it puts the central banks out of a job. I expect they do not like that very much.

Unless that's what they want you to think and the CIA are waiting for it all to be going fantastically before they use their secret backdoor to pull the rug. I think it's a risk worth taking.

Even the gold miners want a piece of the action.

 

[Funn3r]

10 minutes ago, montecristo said:

Even the gold miners want a piece of the action.

 

"Hey Pablo, did ya hear, you can now mine this bitcoin and there's money in it.

Let's give it a go I mean we already have the drills and mining equipment how hard can it be"

Edited March 25 by Funn3r
cultural authenticity

[sancho panza]

Nice to see the Unite and NUJ turning down 3.7% pay rise in the face of job cuts.

Surreal watching the unions and Guardian tear at each other

Not sure there's much sympathy.WOnder how long till the beeb cuts its cloth?

https://www.telegraph.co.uk/business/2024/03/25/guardian-warns-staff-to-expect-job-cuts-within-months/

Guardian warns staff to expect job cuts within months

The Guardian has warned staff to expect job cuts within months amid an advertising downturn and an escalating dispute with unions over pay.

In a message to staff, Guardian chief executive Anna Bateson and editor-in-chief Kath Viner said the newspaper was considering job cuts in response to a challenging economic backdrop.

The Guardian has seen its headcount swell after completing a three-year turnaround plan in 2019.

 

 

It employed 1,014 journalists last year, up from 860 in 2019, while staff costs increased by more than £30m over the same period.

But the media group has now launched a cost-cutting programme after warning a sharp drop in advertising revenues would drive it to a £39m loss for 2023.

The company has offered all staff a £2,000 salary uplift alongside a further 1pc increase for 2024. It said this represented an average pay increase of 3.7pc.

However, the National Union of Journalists (NUJ) and Unite have both refused the offer.

One member of staff said employees were “sick and tired” of the pay tussle and pointed to bumper executive pay packets. Ms Viner saw her total pay increase by almost a third to £562,000 last year.

Edited March 25 by sancho panza

[Loki]

1 minute ago, sancho panza said:

Guardian warns staff to expect job cuts within months

Oh no, that sucks

Where can I learn about climate change and racism now?

[leonardratso]

42 minutes ago, montecristo said:

Even the gold miners want a piece of the action.

 

bunk

 

hmmm, maybe i was too hasty, does certainly look a professional outfit;

 

http://www.southamericanmining.com/

 

appears to have 3 staff, so its well within the realms of possibility. Im hoping they are buying at the top.

Good share graph as well, looks like they went down 17% today, but looks par for the course.

Edited March 25 by leonardratso

[onlyme]

21 minutes ago, Loki said:

Oh no, that sucks

Where can I learn about climate change and racism now?

If only journalist jobs / careers were canibalised in the same way so many others were. What a self centered ignorant witch.

 

Edited March 25 by onlyme

[Phil]

I was gonna start "donating" after reading it for free for ages. But, if they are going under, fuck em. Suckers.

 

P.s. I wasn't going to donate to them ever, the lefty privileged scum and their fuckwit journos. Thought I'd share. Sharing is caring.

[Lightscribe]

https://www.reuters.com/business/finance/swift-planning-launch-new-central-bank-digital-currency-platform-12-24-months-2024-03-25/
 

[Lightscribe]

7 hours ago, goldbug9999 said:

This doesn't work for international trade though because net movements of currency have to be covered by net movement of gold between central banks, either that or some sort of trusted custodianship is involved but we know that this wont work as is was the US losing the trust of other countries WRT its gold holdings which caused Bretton Woods to fail. This is why a BRICS gold backed trade currency is a non starter.

Or just tokenize the gold…

https://gfmag.com/banking/hsbc-launches-tokenized-gold/

[Funn3r]

56 minutes ago, sancho panza said:

Nice to see the Unite and NUJ turning down 3.7% pay rise in the face of job cuts.

Surreal watching the unions and Guardian tear at each other

I am a longtime member of Unite and I have done tons of volunteer "workplace rep" work for them defending employees in disciplinary/grievance/redundancy reviews.   I can't honestly say they are much bothered about their members, although they do have a finely-tuned sense of when to spring into action in certain circumstances particularly when publicity is likely to happen.

 

[Lightscribe]

1 hour ago, Mandalorian said:

Step 1:  Buy gold.

Step 2:  Hold on to gold.

Step 3:  Return to step 1.

 

Now how much can I bill the asset managers for my advice?

Just don’t pay dividends… 

[Funn3r]

5 minutes ago, Lightscribe said:

Or just tokenize the gold…

https://gfmag.com/banking/hsbc-launches-tokenized-gold/

What does tokenize mean?

[Lightscribe]

11 minutes ago, Funn3r said:

What does tokenize mean?

It’s on a public ledger that can be backed by physical, so basically no different than an ETF but integrated within a blockchain so can be instantly converted at any time, no middle man fund fees (apart from transaction), stored remotely offline, or even used for instant conversion payments.

You can imagine how more appealing that would be countries with highly volatile currencies and not wanting to take flakes of gold around with you. 

Edited March 25 by Lightscribe

[Phil]

1 minute ago, Lightscribe said:

It’s on a public ledger that can be backed by physical, so basically no different than an ETF but integrated within a blockchain so can be instantly converted at any time, stored remotely offline, or even used for instant conversion payments.

So who does the counting of the asset that backs the thingy. Do they count them from home, like, work from home workers working ( taking the kids to school and walking the shitting machine). 
sorry to lower the tone. I’ll move on.

[Lightscribe]

7 minutes ago, Phil said:

So who does the counting of the asset that backs the thingy. Do they count them from home, like, work from home workers working ( taking the kids to school and walking the shitting machine). 
sorry to lower the tone. I’ll move on.

Who goes into Comex and counts their gold bars? ETFs are exactly the same currently.

https://paxos.com/paxgold/

https://www.kraken.com/en-gb/learn/what-is-paxos-gold-paxg

Edited March 25 by Lightscribe