Financial topics

Investments, gold, currencies, surviving after a financial meltdown
John
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Location: Cambridge, MA USA
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Re: Financial topics

Post by John »

** 01-Feb-2021 World View: Brahmans and Dalits
richard5za wrote: Mon Feb 01, 2021 10:56 am > Its of course a slightly complicated answer and I hope not to
> offend anyone.

> But as a starting point none of us can look inside ourselves and
> see what it is that we believe, but we can look at our attitudes
> which are a reflection of our beliefs, and look at our behaviour
> which are a reflection of our attitudes. And then if we are really
> honest with ourselves we can begin to see what it is that we
> believe. Its easier looking at others and in Western culture we
> are only too familiar with the self righteous religious fellow who
> prays upon his knees for an hour a week and then preys upon his
> neighbour the rest of the time. He actually believes in his own
> selfish interests first and foremost rather than the religion he
> claims to follow.

> On Eastern religion I have seen the absolute delight on the faces
> of the people at festivals such as Diwali, especially in more
> rural India, so I don't want to dimish their religious practice
> and spirituality, but the activity that's really important is
> cricket. Its more important than soccer is in England which is the
> religion there. India now "owns" world cricket and calls the
> shots. No question that India's success in cricket helps them feel
> good about themselves. Its a national thing. Its of course easy to
> become fascinated with cricket and only cricket could have a match
> that lasts for 5 days and keep the interest of the players and
> spectators for all that time. Gambling is the other religion; it
> is part of life throughout the subcontinent; and Indians are very
> good at gambling.

> If there's a gamble going on and India is involved to any extent
> they will probably have thought through the forward moves, almost
> like chess. They are likely winners in a GameStop gamble. Someone
> else will be left holding the losses!
Yeah you're right, that is a more complicated answer than I was
expecting.

In writing my book on the history of Vietnam, I've done extensive
research on the history of Hinduism and Buddhism, including how the
theology of Buddhism changed along its northern route, along the Silk
Road into China, and from there into Japan, Korea and North Vietnam,
transforming step by step from core Hinayana and Theravada schools to
the Zen meditation schools.

So when you referred to cricket and gambling as "religions," I found
the concept intriguing, and possibly related to my research.

Now, we know that castes have been "illegal" in India for about a
century, and that may be true legally, but it's not always true in
practice, and I would be very surprised if there wasn't a caste angle
to the two "religions" that you've identified. And it wouldn't
surprise me if each of these "religions" is associated in a
discriminatory way to one or more castes.

So the following is what I would expect, though I have no evidence to
support it beyond intuition: Since cricket is an Aryan game, I would
think that it would be pretty much restricted to the upper castes,
starting with the Brahmans.

And of course everyone in the world of all races is involved in
gambling in one way or another, from street gambling to Monaco.
However, when you say "Gambling is the other religion; it is part of
life throughout the subcontinent; and Indians are very good at
gambling," I tend intuitively to associate what you're describing as
an activity being pursued by people closer to the poverty level, which
would most likely be the Dalit caste.
Higgenbotham
Posts: 7984
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

Cool Breeze wrote: Sun Jan 31, 2021 5:44 pm You also said,
You, on the other hand, are playing the highest stakes game with the devil. It's an illusion that the financial elite are controlling affairs, as they are under the spell of demons.
I agree with your analysis of the financial elite, but I am not playing a high stakes game with the devil at all. You don't even know me very well, that's why you so often mischaracterize me, and also why you will not invest in something (BTC) far superior than any other [financial] device going.
Higgenbotham wrote: Sun Jan 31, 2021 10:23 am
Cool Breeze wrote: Sat Jan 30, 2021 9:19 pm aeden says I need to buy a mutual fund

which made me wonder if he could read
aeden wrote: ↑Fri Jan 29, 2021 10:30 am

We simply pointed out recently at the end of the day do not leave it on the table.
We simply pointed out recently at the end of the day do not leave it to children controlled by demons with flashlights
who we knew used unix with a hairpin code and we knew a proper tally to accountability was impossible in this hour.
We simply pointed to a letter and the book also.

Translation: we were catastrophically wrong about everything, so after you are done calculating your losses for listening to us and shorting the 30Y, here are all our reports on the topic which, you guessed it, were dead wrong too.
You can use them for kindling in case you can't afford to heat your house next winter.
What he's pointing out here, as much as I understand it, is that when you get involved in investments, you are playing with the devil. While you may be required by circumstances to engage with the devil, to what extent you want to play with the devil at any particular time is your call. All we're saying is that we are engaging the devil at a very low level at this time. You, on the other hand, are playing the highest stakes game with the devil. It's an illusion that the financial elite are controlling affairs, as they are under the spell of demons. The fallen angels manifest as aliens because the only way they can navigate the barrier is to build devices. We don't leave ourselves open to them at night. Buried within the pages of this thread are the calls for several important market turns. We called the top of the 30 year and many others. When that happens, for the most part, we just move on unless there's a reason to refer back to it. You don't listen to good advice, but you may want to print that information out anyway, so that when your internet connection goes dead and your bitcoin goes to zero, at least you'll have something to heat your house with.
No, I didn't say that. That's what I am saying Aeden is trying to say to you, to the extent that I understand what he is trying to tell you.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
Higgenbotham
Posts: 7984
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

Higgenbotham wrote: Sun Jan 31, 2021 9:38 pm
Cool Breeze wrote: Sun Jan 31, 2021 5:44 pm
Higgenbotham wrote: Sat Jan 30, 2021 9:59 pm

I just wondered whether your gambling style there would match your investment gambling style.

The chance that any random individual was accepted to Caltech, Stanford, and Princeton for graduate school and has the evidence to back it up after nearly 40 years is really, really small.

Do you really believe that I was telling the truth and have the evidence to back it?
It doesn't matter to me, as I have as high of credentials as anyone, so it makes no difference to me.
About 10 years ago I started doing some running. I ran some 200s and 400s, timed them, then wondered where I stood and what I might shoot for to consider myself to be in reasonable shape for my age.

I looked in various running forums to try to get some facts and, wow, the times were fast. I was really far behind! But then I'd go to local tracks and nobody was running anywhere near these times, not even people who were a lot younger than me. It was really confusing. Where were all the people on the Internet who ran these wonderful times? It took awhile, but I found out they mostly didn't exist.

The same thing goes with anything else on the Internet. Obviously, some people in Internet forums went to top 10 schools. Some graduated cum laude, magna cum laude, or even summa cum laude from those schools. Some got high SAT, GRE, or what have you scores.

But the number who make these types of claims in forums are far, far, far in excess of those who have actually accomplished whatever they claim. The same goes for trading.

I don't believe any such wonderful claim that any anonymous person makes in an Internet forum. Along the same lines, I don't believe any of the wonderful claims being made about bitcoin on the Internet. A few of them I can verify as being false or specious because I know better.

Finally, nobody should believe my claim or your claim above unless the evidence is posted.
I was thinking about this some more. Maybe any anonymous person who makes improbable claims in a forum really ought to provide evidence for those claims as a courtesy to other posters, particularly if they are being asked questions or providing recommendations about topics that are important to people's lives. Not doing so might be bringing us down to the gaudy, garish level of linkedin and other places on the Internet where even people who attach their real names to things make claims that are in many cases exaggerations or are outright lies.
Cool Breeze wrote: Sat Jan 30, 2021 1:35 pm Saylor is an MIT guy, but he must be stupid like me, since he's in BTC towards a billion.
Then again, I'm not sure why Saylor having graduated from MIT in Aeronautics gives him any credibility as far as having the ability to determine the trajectory of the bitcoin bubble.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
aeden
Posts: 13965
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

http://www.pnl-nlp.org/download/propaganda/page4.htm
We will see when paper like digicoin nonsense vanish in the actual means of production.
I will sell some metal when I decide on a payment contract.

Premium is unprecedented...
In the noted when we said when it hits 33.
We will be soundly ignored, and no we do even pretend to care.
Digicoin for delivery.
Nope not me taxes suck as it is this year already.
Higgenbotham
Posts: 7984
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

Higgenbotham wrote: Sun Jan 31, 2021 4:57 pm
John wrote: Sun Jan 31, 2021 4:42 pm ** 31-Jan-2021 World View: Systemic collapse?
Higgenbotham wrote: Sun Jan 31, 2021 4:35 pm > When I posted those links, what came into my mind was that I don't
> know much about silver right now. For example, a couple years ago,
> I knew that the commercials were net long in an unprecedented way
> and that seemed good for at least a bounce. I have no idea whether
> JP Morgan really is short silver at this time or about how much or
> what kind of prices would be required to get them into trouble in
> a squeeze. My thoughts right now are more along the lines of how
> it will affect other markets if silver were to gap up and maybe
> exceed the recent high around $30. If the Reddit guys are
> successful in squeezing it to several hundred dollars per ounce,
> that will be a different scenario than the one I am thinking about
> now. Personally, if they can do that, I think that will be the big
> one - I think the system is very vulnerable to that scenario, and
> if it happens it would seem the Fed will not be able to stop a
> systemic collapse. After that, I don't know.

The Gamestop situation caught everyone by surprise, and so the
authorities did nothing to stop it. But the authorities can certainly
see the silver situation coming. What are they doing about it?
Probably nothing at the moment.

But what they would do, and I think quickly, is what they did during the Hunt Brothers squeeze which I think, not coincidentally, is about what they did with Gamestop. First they will raise margins. Then they will circle the wagons to ensure that there are sufficient warehouse stocks to facilitate delivery for the next contract expiration in March. Then the exchanges will force the market into liquidation only mode like they did with Gamestop, but it will be across the board for all silver futures, not just some brokers. But if there's no physical silver available out there for industrial use, that will not work. The price will have to go high enough to bring the physical supplies out into the market.

I've probably forgotten some details about the Hunt Brothers squeeze and will need to review that. There's not nearly as much physical in people's attics as there was then.
Higgenbotham wrote: Sun Jan 31, 2021 5:30 pm Portnoy and others were indignant about the brokers putting Gamestop into liquidation only mode (probably on the advice or urging of the Biden Administration Treasury), but I think this just came out of their playbook from 1980. I'm almost positive it happened during the Hunt Brothers silver corner.
Federal commodities regulators introduced special rules to prevent any more long position contracts from being written or sold for silver futures. This stopped the Hunts from increasing their positions by temporarily suspending the fundamental rules of the commodities market. With longs frozen and shorts free to pile in, the price of silver began to slide. Margin calls on the loans began to take a toll on the Hunts' reserves to the point where they were paying millions a day in calls, storage fees and interest.
https://www.investopedia.com/articles/o ... others.asp

"shorts free to pile in"? I don't know how you have more shorts without having an equal number of longs though. Maybe they put a cap on open interest. A better source than this is probably needed.
This spells it out in more detail and seems accurate. I found this by searching for Hunt Brothers silver open interest.
Due to the Hunt brothers' huge silver purchases, there was concern that the open interest was greater than the amount of physical silver available.

The Hunt brothers were screwed over by the government and the Federal Reserve. The CFTC/COMEX/CBOT are the regulators that set the rules for the commodities exchanges. The people sitting on the regulatory body are all financial industry insiders, EACH OF WHICH HAD A HUGE SHORT POSITION IN SILVER! First, they set position limits. The number of silver contracts each person could own was restricted, although the Hunt brothers' existing position was partially grandfathered. Second, THEY BANNED OPENING TRANSACTIONS. ONLY CLOSING TRANSACTIONS WERE ALLOWED. Third, they raised margin requirements for long speculators BUT NOT SHORT SPECULATORS! This forced the Hunt brothers into margin calls, while the short speculators could wait to buy and cover!

This meant that the Hunt brothers could *NO LONGER* buy silver to keep driving up the price. The only people they could sell to were the financial industry insiders, who had huge short positions. Knowing the rules of the game had been changed to favor them, the financial industry insiders knew they were going to be able to cover their humongous short position at favorable prices.

The Federal Reserve also joined the party. The Federal Reserve jacked up interest rates. This made it hard for the Hunt brothers to meet the interest payments on their margin debt. Borrowing at 5% to buy silver is a bargain when inflation is 15%. Borrowing at 20% to buy silver is a ripoff when inflation is 15%!

The Federal Reserve also issued a special request to banks. They were to stop issuing loans for "speculative activity". The Federal Reserve didn't specifically say they were targeting the Hunt brothers, but everyone knew they were. Without this request by the Federal Reserve, if the banks colluded to stop extending the Hunt brothers credit, they would be guilty of an antitrust violation. When the Federal Reserve said "Stop lending the Hunt brothers money", the banks felt comfortable colluding to stop loaning the Hunt brothers more money, which is what they wanted to do!

With high interest rates, the Hunt brothers were unable to make the interest payments. Temporarily, interest rates were positive; interest rates were greater than the rate of money supply expansion. This ruined the Hunt brothers' profit equation, using leverage to borrow and buy silver. The Hunt brothers were hit with margin calls. They had to sell their silver. The financial industry insiders had taken a huge short position. They profited immensely as the Hunt brothers were forced to sell.

The Hunt brothers were attempting to corner silver. Instead, the financial industry insiders had created a "short corner". The Hunt brothers had a huge position they had to liquidate, and the financial industry insiders were the only legal buyers! Only someone with a preexisting short position could buy! The financial industry insiders had "cornered" the right to buy silver futures contracts, while there was a huge seller!

Of course, criminal charges were pursued against the Hunt brothers for attempting to corner the silver market. The financial industry insiders changed the rules of the game to bankrupt the Hunt brothers. Of course, what they did was perfectly legal. That aspect is amusing to me. The Hunt brothers, who lost a fortune, were criminals. The financial industry insiders, who changed the rules of the futures exchanges to bankrupt the Hunt brothers, were not accused of criminal activity at all.

The silver price crashed. Many individuals bought silver after the Hunt brothers pushed up the price of silver. The MSM said that gold and silver were discredited as an investment.
http://fskrealityguide.blogspot.com/200 ... orner.html
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
Higgenbotham
Posts: 7984
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

Higgenbotham wrote: Sun Jan 31, 2021 4:35 pm If the Reddit guys are successful in squeezing it to several hundred dollars per ounce, that will be a different scenario than the one I am thinking about now. Personally, if they can do that, I think that will be the big one - I think the system is very vulnerable to that scenario, and if it happens it would seem the Fed will not be able to stop a systemic collapse.
The Federal Reserve also joined the party. The Federal Reserve jacked up interest rates. This made it hard for the Hunt brothers to meet the interest payments on their margin debt. Borrowing at 5% to buy silver is a bargain when inflation is 15%. Borrowing at 20% to buy silver is a ripoff when inflation is 15%!
I think the national debt in 1980 (when the Hunt Brothers were buying silver) was less than a trillion. The Fed doesn't have much room to raise interest rates with the debt at around $27 trillion.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
Cool Breeze
Posts: 3040
Joined: Sun Jul 26, 2020 10:19 pm

Re: Financial topics

Post by Cool Breeze »

you know all about the doxxin

John knows they monitor us

I have the highest degrees, but who cares. Yes, I can prove it to you - I went to professional schools with people who are just great rule followers, half were female ... that's how they like it

Do you think they are investing in BTC? LOL. You gotta know the game
richard5za
Posts: 898
Joined: Sun Sep 21, 2008 10:29 am
Location: South Africa

Re: Financial topics

Post by richard5za »

John wrote: Mon Feb 01, 2021 12:43 pm ** 01-Feb-2021 World View: Brahmans and Dalits
richard5za wrote: Mon Feb 01, 2021 10:56 am > Its of course a slightly complicated answer and I hope not to
> offend anyone.

> But as a starting point none of us can look inside ourselves and
> see what it is that we believe, but we can look at our attitudes
> which are a reflection of our beliefs, and look at our behaviour
> which are a reflection of our attitudes.
> If there's a gamble going on and India is involved to any extent
> they will probably have thought through the forward moves, almost
> like chess. They are likely winners in a GameStop gamble. Someone
> else will be left holding the losses!
Yeah you're right, that is a more complicated answer than I was
expecting.

In writing my book on the history of Vietnam, I've done extensive
research on the history of Hinduism and Buddhism, including how the
theology of Buddhism changed along its northern route, along the Silk
Road into China, and from there into Japan, Korea and North Vietnam,
transforming step by step from core Hinayana and Theravada schools to
the Zen meditation schools.

So when you referred to cricket and gambling as "religions," I found
the concept intriguing, and possibly related to my research.

Now, we know that castes have been "illegal" in India for about a
century, and that may be true legally, but it's not always true in
practice, and I would be very surprised if there wasn't a caste angle
to the two "religions" that you've identified. And it wouldn't
surprise me if each of these "religions" is associated in a
discriminatory way to one or more castes.

So the following is what I would expect, though I have no evidence to
support it beyond intuition: Since cricket is an Aryan game, I would
think that it would be pretty much restricted to the upper castes,
starting with the Brahmans.

And of course everyone in the world of all races is involved in
gambling in one way or another, from street gambling to Monaco.
However, when you say "Gambling is the other religion; it is part of
life throughout the subcontinent; and Indians are very good at
gambling," I tend intuitively to associate what you're describing as
an activity being pursued by people closer to the poverty level, which
would most likely be the Dalit caste.
On the subject of gambling don't underestimate the amount of parallel activity that goes on to achieve to the right gambling result e.g. as simple as a planned sequence of bribery. Stories I have read about the 'mob' in USA suggests they are experts too

On religion, it depends on how you define religion. Too often we only look at formal religion. Also we overlook the fact that poor people with very little have a greater need for a god than those who grow in prosperity. In New Terstament times everyone whether Jewish, pagan, etc was very religious and the Roman Emperor used pagan religions to control the people. Looking at Europe from then, everyone was very religious until the birth of the modern world from around 1800 to 1820 when the decline in belief of Christianity began because of rising prosperity and less need for God. Today Christianity is a minority belief system in Europe but still very much in evidence at a state level. People have developed other belief systems which now are in the majority
If you are researching religion I do suggest that you define what you are looking at e.g. formal religion only? Otherwise you might go mad!
Secondly at an individual and national level views and values can change from one generation to the next and still be called the same thing.
aeden
Posts: 13965
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

We already looked at cot numbers before this alleged silver issue.
We can break it down on indices but we know here how that really works.
Bond King had a warning on dxy pivot and was accurate on its a maybe.
He has a good way to break it down for people to dig deeper but not the trend
worn into what we see. The charts to compression are accurate given the head winds
we trend.
Like it was noted I will forward his channel so a few can prevent underexposure to
why producers hedge and how. The spec will be blown out as before and the regulators will get
into pointless tizzy. What they cannot fathom will be producers will trade on frankfurt or london
if need be if they go full retards on transaction tax. london already told the thinking the lme is and will
be streamlined. We already noted this and those who already seen it already know the demsheviks
will loot until the economics mandate effective political change they will proffer and never can offer.
Even Marx warned these swamp things what will be done and in His defective mind why he did it.
We can forward it again but its already been.
Higgenbotham
Posts: 7984
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

I'm shorting the S&P now. Maybe I'll get lucky.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
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