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Topic: Absurd (Read 2164 times) previous topic - next topic

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  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: Absurd
Reply #135
It never occurs to these hacks to cut spending. Oh wait, that might not get them reelected.

You have to wonder if these idiots give 2 shits about their grandchildren. Or are they going to steal enough wealth to keep them in the money for a generation or 2.

Re: Absurd
Reply #136
For anyone who does not think commodities markets are manipulated, here is a conviction that says otherwise.

https://www.justice.gov/opa/pr/former-precious-metals-trader-pleads-guilty-commodities-fraud-and-spoofing-conspiracy

It also points to use of computers with high speed to the detriment of ordinary investors. My fix for this is for the SEC to make a binding rule that every order placed have a 3 second shelf life. That would end all the orders placed that are never intended to be exercised. SEC not doing the 3 second rule would in my opinion be ABSURD.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: Absurd
Reply #137
Get the SEC in your pocket and make it so.........

Re: Absurd
Reply #138
More information related to reply 136, market manipulation:

"Prosecutors said Edmonds learned the deceptive strategy "from more senior traders" at the bank, and that he "personally deployed this strategy hundreds of times with the knowledge and consent of his immediate supervisors." His guilty plea related specifically to trading in silver futures contracts, as well as to contracts in gold, platinum and palladium futures."


The quote from the article linked below clearly states at least his immediate supervisors knew of the criminal activity and elsewhere in the article there is back slapping on how well the SEC is doing with fraudulent trading cases all the way up to 26 from near zero. Well, where are the cases against the superiors and company? Why not put this in perspective, the annual mined volume of gold is traded nearly every day according to some reports. This is a start, but it is doing about as much good as a snow flake in hell.


So the SEC admits knowing there is a problem, but have not promulgated any rule or regulation. Clearly there is much more litigation and accountability to be enforced up the food chain and clearly regulation is needed to curb the deleterious trading, such as simply requiring submitted  offers to trade have a 3 second shelf life, Not doing either is doubly ABSURD.


https://www.cnbc.com/2018/11/12/ex-jp-morgan-silver-traders-guilty-plea-could-boost-manipulation-suit.html?__source=yahoo%7Cfinance%7Cheadline%7Cstory%7C&par=yahoo&yptr=yahoo

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: Absurd
Reply #139
Quote
So the SEC admits knowing there is a problem, but have not promulgated any rule or regulation.

Goldman Sacks owns the SEC. Like everything else in the USA, its about the banks and not the people. Corporatism will always grow worse until it collapses. Its all about greed with these people. The world is not enough.

Re: Absurd
Reply #140
The linked document is a long well written documentation on the ABSURD valuation of stocks in particular. While valuations being high is not news, his background information gives some confidence for contrary opinions.

https://www.hussmanfunds.com/comment/mc180904/

Another well written article by Hussman that clearly explains many things economic in today's situation:

https://www.hussmanfunds.com/comment/mc181128/

Re: Absurd
Reply #141
Below is a quote from the Hollywood Reporter writing about how to deal with the influx of homeless people into the upscale community of Venice, home of many liberal elitists:

"There are actually [residents] advocating driving the homeless out of Venice -- shipping them off somewhere, which is such a proto-fascist move," says television writer Evan Dunsky, a 27-year resident of the area. "And then what? Do we have to build a wall around Venice?"


Not the reference to a wall to presumably keep the homeless out of their city, but a wall to keep the illegals out of the country would not be effective per Nancy and Chuckie. Also note the golf course fence has kept the homeless off their property seemingly effectively.

The fact that HR probably does not see the obvious is ABSURD!


Link to full article:


https://www.hollywoodreporter.com/features/las-homeless-surge-puts-hollywoods-progressive-ideals-test-1174599

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: Absurd
Reply #142
 Governing for the good of the country is forever gone with these people. Its party first then personal profit, then maybe, just maybe the people.

Re: Absurd
Reply #143
I had no idea of the complications of cold weather on Tesla's batteries until reading the linked article, ABSURD:

http://market-ticker.org/akcs-www?singlepost=3466306

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: Absurd
Reply #144
I had no idea of the complications of cold weather on Tesla's batteries until reading the linked article, ABSURD:

http://market-ticker.org/akcs-www?singlepost=3466306
Tesla is garbage. The question is, when will they fail???

Re: Absurd
Reply #145
https://schiffgold.com/key-gold-news/peter-schiff-the-powell-pause-wont-be-enough/?utm_source=ActiveCampaign&utm_medium=email&utm_content=The+Powell+Pause+won+t+be+enough+to+save+us&utm_campaign=SchiffGold+Newsletter+%28Full+List%29+-+02-01-2019


The article is a critical commentary (surprise since it is from Peter Schiff) on the Fed. I wanted to highlight a specific passage: "Powell also said the Fed's balance sheet reduction was no longer on "auto-pilot," and basically admitted that the Fed would only follow through with tightening if it could do so without upsetting the markets."

What I find interesting is the dots are never connected on this statement. The Fed is privately owned by its member banks. Clinton signed legislation that gutted Glass Stegall, a law that among other things separated investment bankng and traditional commercial banking. This freed the traditional member banks to take positions in investment markets. So, we now have the member bank Fed owners in charge of assuring their stock investments appreciate. If this isn't a conflict of interest, what is? I am sure this was an unintended consequence, but then maybe not. Either way, the interest conflict is ABSURD.



Re: Absurd
Reply #146
W/O a fair unbiased press, the citizens will be uninformed or misinformed about the workings of their government, and according to our founders, an uniformed citizenry cannot keep their government. The standard by which uncorroborated allegations of serious sexual offenses are vetted in the media today are clearly politically tested for rigor and that is ABSURD. The link is to an obvious example of the political bias.


http://market-ticker.org/akcs-www?post=234997

Re: Absurd
Reply #147
Green New Deal anyone? hers are some bullet points to consider:

Let's cut the crap folks: A "Green New Deal" would, if implemented:
Put every coal miner out of work.

Put almost every existing car assembler out of work.

Put every oil company employee -- including all the roughnecks -- out of work.

Ground every aircraft, and put every Boeing employee out of work.

Put every air traffic controller out of work.

Put every gas station owner and employee, along with all the convenience stores associated with them, out of work.

Make personal travel between points more than 200-odd miles distant require 2-3x as much time to accomplish due to the impossibility of doing so without extended periods at charging stations.  This will essentially end the freedom to personally travel beyond 200 miles of one's permanent residence in the United States.

Make personal round-trip travel of more than 100-odd miles from home physically impossible without 2+ hour layovers in the middle for the same reason.  For example, it would be physically impossible for me to drive from my home to Pensacola and back without risking being stranded, unless there was a charging station in Pensacola and I was willing and able to remain there for 2+ hours while I recharged my car.

Shut down all of the nuclear infrastructure in the United States (some 100+ power reactors) without any way to contain their current fuel and safely consume what remains of it.  Oh, and put all the people who work there (nearly all of whom have good-paying jobs) out of work.

Triple the cost of electrical power in the United States.  For industrial users this would be ruinously expensive and destroy what manufacturing remains in this country, putting all of those employees out of work.

Link to full article:

http://market-ticker.org/akcs-www?post=235040

I consider the proposal even if only 10% implimented ABSURD; we are going broke now, how will more unfinanced entitlements be helpful? This falls into the ABSURDnotion that more debt can be remedied with even more debt.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: Absurd
Reply #148
That women must be smoking crack. Of all the stupid shit I ever read that takes the cake.
She is a very simple minded moron that will never be re-elected...I hope! You just got to know what kind of morons who vote for this marxist piece of crap!