Financial topics

Investments, gold, currencies, surviving after a financial meltdown
aeden
Posts: 12353
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

Grats on a wild week H
3,820.02 went to saving this week
Seeds of the next issue was seen from the wrap up report from van metre.
Unique view on a few spreads I will consider later.
I got four separate confirmations on some window target rather disturbing on effects.
You all have very sophisticated views.

Deflation is baked in for now since a few data points rather cement in place for now.
https://www.youtube.com/watch?v=fNwd-UuE3Dg
Agree or disagree merit exists on drill downs.
As you know its hard work.
Baskets can be traded as we know.
As we seen in the 50-day moving average on baskets the quants yawned as the Asian took profits.

Higgenbotham
Posts: 7436
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

See update down at the bottom.
Higgenbotham wrote:
Wed Feb 24, 2021 10:43 pm
ERCOT: Texas power system was less than 5 minutes from collapse during winter storm

By Christopher Neely | 7:32 PM Feb 24, 2021 CST | Updated 7:32 PM Feb 24, 2021 CST

At about 1:51 a.m. Feb. 15, as the historic winter storm knocked out power plants across Texas and increasingly stymied the ability to produce and provide power, the state’s electricity system frequency fell below 59.4 hertz—a threshold that signals dire emergency.

The state’s electricity system can only spend nine minutes below 59.4 hertz before a statewide blackout is imminent—something that can take weeks or longer to fix, according to Bill Magness, the CEO of the Electric Reliability Council of Texas, the state’s power system operator.

Magness said ERCOT had already shed 2,000 megawatts of demand from the state’s power system, hoping the forced alleviation of electricity demand would take stress off the system and buy time for more electricity to become available.

Immediately after the system’s frequency fell below 59.4 hertz, ERCOT ordered another 3,000 megawatts of demand be shed from the system. The decision buoyed the system for only seconds before it dipped down again to 59.302 hertz. At 1:55 a.m., with about four minutes and 37 seconds left before a statewide blackout was imminent, ERCOT ordered another 3,500 megawatts of demand be shed from the system.

By 1:57 a.m., the system was back up around 59.7 hertz—still an emergency but further away from devastating collapse. At 2 a.m. ERCOT ordered a final 2,000 megawatts of load shed. The system bounced up to 60.1 hertz.
https://communityimpact.com/austin/cent ... ter-storm/
The presentation Magness provided at the board meeting is the most detailed accounting so far of the grid's failure to provide power through this February's polar vortex event, putting the state's electric grid, its regulators and policymakers under tremendous pressure and leading to the resignation of ERCOT's four independent board members, effective after the meeting.

In the presentation, Magness noted that the types of generation that went out of service was widely distributed, as to type. At peak of outages on Feb. 15-16, the capacity out were as follows:

Natural gas: about 27 GW, or about 52% of capacity
Wind: about 18 GW, or about 57% of capacity
Coal: about 6 GW, or about 44% of capacity
Solar: about 750 MW, or about 12% of capacity
Nuclear: about 700 MW, or about 13% of capacity

The contrast with February 2011's rolling outage event was stark, as the earlier event only had outages for 7.5 hours and were loads to be shed small enough that distribution utilities could actually cycle customers online and off, whereas the 2021 event had outages for 70.5 hours and required such a large total load to be shed, that some customers had to remain offline for days, so that power could be continued for essential services, Magness said.
https://www.spglobal.com/platts/en/mark ... -load-shed

What I posted a few days ago was wrong. The reason they didn't roll the outages wasn't because the grid was too unstable to roll them. I believe that Magness is telling the truth, but I couldn't imagine that so much capacity was lost that there was only enough capacity left for essential services.

I've been doing some more digging. Looks like I was right after all.
And then Steve told me that we almost lost the entire grid. Frequencies were erratic, it tripped a couple of our units, and then shortly after that, everything locked down. And for what we find out on testimony, now, the transmission distribution entities, not ERCOT, essentially locked down each of their systems at wherever they were, because they were afraid they were going to lose the system.

Unfortunately for NRG, and this is public South Texas project Fripp. And I think this was a component of events for ERCOT. And for the two years, that all of a sudden they were managing a very different risk profile with a about 30,000 megawatts of generation, and they could not run a system on rolling blackouts with that level of generation. And so they just had to preserve the system.
https://seekingalpha.com/article/440947 ... transcript


What I had originally posted a few days ago:
Higgenbotham wrote:
Thu Feb 18, 2021 10:05 pm
This is what I suspected - that the grid was so unstable that they were afraid to roll the outages or the entire grid would come down.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.

aeden
Posts: 12353
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

https://www.trunews.com/stream/trunews- ... ry-26-2021
deception
yes
they lie to you every day

organ failure will kill more

aeden
Posts: 12353
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

1. Abolition of private property in land and application of all rents of land to public purpose.

The courts have interpreted the 14th Amendment of the U.S. Constitution (1868) to give the government far more "eminent domain" power than was originally intended, Under the rubric of "eminent domain" and various zoning regulations, land use regulations by the Bureau of Land Management property taxes, and "environmental" excuses, private property rights have become very diluted and private property in landis, vehicles, and other forms are seized almost every day in this country under the "forfeiture" provisions of the RICO statutes and the so-called War on Drugs..

2. A heavy progressive or graduated income tax.

The 16th Amendment of the U.S. Constitution, 1913 (which some scholars maintain was never properly ratified), and various State income taxes, established this major Marxist coup in the United States many decades ago. These taxes continue to drain the lifeblood out of the American economy and greatly reduce the accumulation of desperately needed capital for future growth, business starts, job creation, and salary increases.

3. Abolition of all rights of inheritance.

Another Marxian attack on private property rights is in the form of Federal & State estate taxes and other inheritance taxes, which have abolished or at least greatly diluted the right of private property owners to determine the disposition and distribution of their estates upon their death. Instead, government bureaucrats get their greedy hands involved .

4. Confiscation of the property of all emigrants and rebels.

We call it government seizures, tax liens, "forfeiture" Public "law" 99-570 (1986); Executive order 11490, sections 1205, 2002 which gives private land to the Department of Urban Development; the imprisonment of "terrorists" and those who speak out or write against the "government" (1997 Crime/Terrorist Bill); or the IRS confiscation of property without due process.

5. Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.

The Federal Reserve System, created by the Federal Reserve Act of Congress in 1913, is indeed such a "national bank" and it politically manipulates interest rates and holds a monopoly on legal counterfeiting in the United States. This is exactly what Marx had in mind and completely fulfills this plank, another major socialist objective. Yet, most Americans naively believe the U.S. of A. is far from a Marxist or socialist nation.

6. Centralization of the means of communication and transportation in the hands of the state.

In the U.S., communication and transportation are controlled and regulated by the Federal Communications Commission (FCC) established by the Communications Act of 1934 and the Department of Transportation and the Interstate Commerce Commission (established by Congress in 1887), and the Federal Aviation Administration as well as Executive orders 11490, 10999 -- not to mention various state bureaucracies and regulations. There is also the federal postal monopoly, AMTRAK and CONRAIL -- outright socialist (government-owned) enterprises. Instead of free-market private enterprise in these important industries, these fields in America are semi-cartelized through the government's regulatory-industiral complex.

7. Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.

While the U.S. does not have vast "collective farms" (which failed so miserably in the Soviet Union), we nevertheless do have a significant degree of government involvement in agriculture in the form of price support subsidies and acreage alotments and land-use controls. The Desert Entry Act and The Department of Agriculture. As well as the Department of Commerce and Labor, Department of Interior, the Evironmental Protection Agency, Bureau of Land Management, Bureau of Reclamation, Bureau of Mines, National Park Service, and the IRS control of business through corporate regulations.

8. Equal obligation of all to work. Establishment of Industrial armies, especially for agriculture.

We call it the Social Security Administration and The Department of Labor. The National debt and inflation caused by the communal bank has caused the need for a two "income" family. Woman in the workplace since the 1920's, the 19th amendment of the U.S. Constitution, the Civil Rights Act of 1964, assorted Socialist Unions, affirmative action, the Federal Public Works Program and of course Executive order 11000. And I almost forgot...The Equal Rights Amendment means that women should do all work that men do including the military and since passage it would make women subject to the draft.

9. Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country by a more equable distribution of the population over the country.

We call it the Planning Reorganization Act of 1949 , zoning (Title 17 1910-1990) and Super Corporate Farms, as well as Executive orders 11647, 11731 (ten regions) and Public "law" 89-136.

10. Free education for all children in government schools. Abolition of children's factory labor in its present form. Combination of education with industrial production, etc. etc.

People are being taxed to support what we call 'public' schools, which train the young to work for the communal debt system. We also call it the Department of Education, the NEA and Outcome Based "Education" .

aeden
Posts: 12353
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

From another.
If you are a contractor, I'd wager that it's you.

I jumped in and helped some friends get a little company started a couple years ago. I was not a partner. I was a direct hire. Then about 3 months later, they wanted me to be a contractor. No problem. I had a side gig and an LLC that I payed insurance for anyways. Then they wanted me to buy a bunch of equipment ($60k worth), in order to keep my rate. I bailed. They went bankrupt.

This will be the next collapse route since $15.00 or else fined and also tax to death or jailed anyways.
These swamp Marxist to to damn stupid to survive and NO they will not stop the looting.
Grass hoppers and ants. We learned long ago go dark or really really gray since they do know
what they are doing. Most of us are really tired of direct daily threats and they do not care top down.
The west coast is in collapse and the east is not far behind.
Like listening to the retards that bread will never be five bucks a loaf.
Same lies every damn day and as we warned they will not leave you alone since they mentally ill.
We are stocking up for needs they cannot even fathom.
Also Khan was Red head.
http://ponerology.com/

https://www.biblestudytools.com/kjv/pas ... ;job+37:16
Tamiym
Adjective

thread: amos

richard5za
Posts: 893
Joined: Sun Sep 21, 2008 10:29 am
Location: South Africa

Re: Financial topics

Post by richard5za »

Cool Breeze wrote:
Fri Feb 26, 2021 7:09 pm
Buy BTC or GBTC next week and you'll be able to trade it and make another profit, in fairly short order (if you don't want to hold long and make more, or deal with the ups and downs).

You're welcome.
I find it difficult to comprehend such faith in crypto currencies. You are I gather, from your previous posts, talking about long term investment not short term trading to take a quick profit, not taking a small portion of your portfolio and taking a flutter. Long term investment!
So using dualist thinking there's either something inadequate about me, such as ignorance or faulty logic, or not seeing the opportunity, and so on, or you have got it wrong?
Your faith in BTC makes me nervous for you. And others of course. I am quite firm in my belief that a disaster is on its way.

aeden
Posts: 12353
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

All currency will be under one control in that day.
All thinking individual Humans will be taken out since
nothing or no one will be able to avoid the surveillance technologal assassins.
If you doubt the real technology available today you are asleep.
We already discussed trading the sardines or are they eating sardines.
The transitory phase is well understood here.
Will you live longer under the Yaun or the Dollar or the Yen as an example
to be free.
I think the actual race for freedom has just launched and we will trade
cryptos since Utility will be seen and maybe its already to late.
The planks of freedom are being torn asunder from these current pagan swamp killers halfwits.

Cool Breeze
Posts: 2935
Joined: Sun Jul 26, 2020 10:19 pm

Re: Financial topics

Post by Cool Breeze »

richard5za wrote:
Sun Feb 28, 2021 11:44 am
Cool Breeze wrote:
Fri Feb 26, 2021 7:09 pm
Buy BTC or GBTC next week and you'll be able to trade it and make another profit, in fairly short order (if you don't want to hold long and make more, or deal with the ups and downs).

You're welcome.
I find it difficult to comprehend such faith in crypto currencies. You are I gather, from your previous posts, talking about long term investment not short term trading to take a quick profit, not taking a small portion of your portfolio and taking a flutter. Long term investment!
So using dualist thinking there's either something inadequate about me, such as ignorance or faulty logic, or not seeing the opportunity, and so on, or you have got it wrong?
Your faith in BTC makes me nervous for you. And others of course. I am quite firm in my belief that a disaster is on its way.
Higgy likes to trade it, so being the kind and insightful investor I am, I told him to let it dip (see this week into today a little bounce back) and then buy it for a swing. I'm long term so I'm buying the dip again this week and fully expect it to keep climbing - as usual, the upward trends far outsize the downward moves.

The current setup is so pro-BTC that I can't even believe people are stunned by it. It is better than gold, it is better than stocks, it is perfect for the coming times of continued mismanagement, leaning on the FEDs, inflation, and all the other obvious but still unforeseen tangents the fools who have been trying to control the system will fail with.

Cool Breeze
Posts: 2935
Joined: Sun Jul 26, 2020 10:19 pm

Re: Financial topics

Post by Cool Breeze »

aeden wrote:
Sun Feb 28, 2021 2:15 pm
All currency will be under one control in that day.
All thinking individual Humans will be taken out since
nothing or no one will be able to avoid the surveillance technologal assassins.
If you doubt the real technology available today you are asleep.
We already discussed trading the sardines or are they eating sardines.
The transitory phase is well understood here.
Will you live longer under the Yaun or the Dollar or the Yen as an example
to be free.
I think the actual race for freedom has just launched and we will trade
cryptos since Utility will be seen and maybe its already to late.
The planks of freedom are being torn asunder from these current pagan swamp killers halfwits.
Not yet, but the mark will have more to do with differentiating faithful people of integrity vs the sellouts to the system and their fear of death, which of course will not save them.

vincecate
Posts: 2371
Joined: Mon May 10, 2010 7:11 am
Location: Anguilla
Contact:

Re: Financial topics

Post by vincecate »

Cool Breeze wrote:
Sun Feb 28, 2021 4:27 pm
The current setup is so pro-BTC that I can't even believe people are stunned by it. It is better than gold, it is better than stocks, it is perfect for the coming times of continued mismanagement, leaning on the FEDs, inflation, and all the other obvious but still unforeseen tangents the fools who have been trying to control the system will fail with.
Not only printing fiat money like crazy, but government taxing everything they know about is an issue. Governments now know about everything in the regular financial system. Bitcoin is not in that system.

People can get paid for things or services in Bitcoin and not bother to give the government a 40% cut. They can leave it in an anonymous address for many years. Then spend the money while on a tropical island vacation or at retirement.

This is a huge advantage of Bitcoin. It is not possible for the government of any country to really know who is behind each address. Anyone can make up as many addresses as they want and move money around between them. There are sites that help anonymize funds. If someone does not want their Bitcoin traceable, they are not traceable or taxable. It is like getting a numbered Swiss bank account, which is not possible for Americans any more.

An instant 40% advantage over using fiat money and a top secret account accessible from anywhere that can send funds anonymously anywhere? It is so cool. People who have done some business with it understand it and love it.

That said, of course Bitcoin can have a huge drop, and I expect it to when the Stock market crashes. I hope that my puts on S&P protect me enough.

-- Vince

Post Reply

Who is online

Users browsing this forum: No registered users and 31 guests