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Topic: Absurd (Read 1069 times) previous topic - next topic

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  • ken
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  • Global Moderator
Re: Absurd
Reply #90



Quote
"Let me clean this reply up"...
Interesting topic. Up to a point "Tax" is everyone's rightful responsibility, but we all hate it. I suppose you are dealing with the mobile versus permanent residency definition. What about modular on an above ground basement or partial basement? Getting pretty sneaky here. :D
"What about modular on an above ground basement or partial basement? " Blocks define a home as personal property.
A foundation makes it taxable forever....

I'm not sure if embedded or cemented support columns like you find in basements would classify as a foundation or not. It's a thought.
If they are above ground. There are tie downs that protect the building from sliding off the block foundation. The key is a thick cement pad to place the blocks on.


One final thought under this heading would be to create a steel support frame (I-beams) that the house sits on. I would imagine the framework would have to be bolted. The house is mobile and so is the foundation. The frame acts as support and an anchor. Maybe.
That might qualify as a foundation. Will have to check on that...

  • Nikko
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Re: Absurd
Reply #91
Ken, I made my position clear a while ago...I think once 1260 support breaks, miners will break the Dec lows...I sold all my miners...some for losses. I also went short which is working out. We all have to make our own decisions in the end but my opinion is 1260 breaks and GDX heads below 20.

  • ken
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  • Global Moderator
Re: Absurd
Reply #92
You might be right Nikko.

Re: Absurd
Reply #93
http://www.cftc.gov/PressRoom/PressReleases/pr7681-18

A press release to show our financial laws are being enforced, but I recall seeing precious few convictions meaning this is a charade to placate investors. For those named, it is just a nuisance cost of doing business. Without follow through resulting in meaningful fines and lengthy prison terms for individuals and corporate officers, the whole exercise is ABSURD.

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: Absurd
Reply #94
http://www.cftc.gov/PressRoom/PressReleases/pr7681-18

A press release to show our financial laws are being enforced, but I recall seeing precious few convictions meaning this is a charade to placate investors. For those named, it is just a nuisance cost of doing business. Without follow through resulting in meaningful fines and lengthy prison terms for individuals and corporate officers, the whole exercise is ABSURD.
Slap on the hands as usual.

Re: Absurd
Reply #95
Well here we go again, the budget framework for the next two years and lifts the debt ceiling for the next year is passed in the dead of night by a bipartisan group that has just kicked the can down the road as far as this countries fiscal health. We have a deficit and resulting debt problem that has led to tax and borrowing problems. This mismanagement of government is the direct result of irresponsible elected officials who have had the shenanigans enabled by a foolish fed that has abandoned their primary mandate of stable prices with ZIRP and QE.  It is that simple and now we have more of the same. This is hugely PM positive but what we get is small depression in PM prices.

This action also guarantees GDP will even more over state our economic situation. Reason is deficit is not in the GDP equation, the spending of the deficit is. With the deficit we bring forward economic activity at the expense of future activity and burden the country with higher future debt service, both bad. We will pay a full and severe price someday, but when is the question as the additional debt continues to be purchased. It spectacularly ends when new and rolled over debt cannot be sold and I believe this realization is contributing current to market volatility by investors and traders, then exacerbated by algorithm driven funds.  It is ABSURD!

Re: Absurd
Reply #96
Chris Whalen on Fox Business just stated that world central banks own 1/3 of world stocks. If true, and they have bought the shares with printed money (wealth stolen from existing holders of the bank's currency) that is ABSURD! It is runaway transfer of world owner ship from rightful owners via devious and probably in most cases illegal means, ABSURD. I doubt there will be any prosecutions and that too is ABSURD.

  • CLARKBAR
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Re: Absurd
Reply #97
SandyBeachDave knows that illegal doesn't matter unless the law has teeth.  Care for some gums~?

Re: Absurd
Reply #98
SandyBeachDave knows that illegal doesn't matter unless the law has teeth.  Care for some gums~?

Absolutely! Illegal immigration because of no law enforcement. Illegal market activity because no law enforcement. (and SEC could not find PM market manipulation!) Illegal Clinton handling of classified material not prosecuted. Clinton money laundering charities not prosecuted. Clinton cattle futures scandal and lying under oath illegal and not prosecuted, Nixon taking us off gold standard illegal, Nixon creating the environmental protection agency via executive order, illegal and never challenged. The list is seemingly  endless.

  • ken
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  • Global Moderator
Re: Absurd
Reply #99
SandyBeachDave knows that illegal doesn't matter unless the law has teeth.  Care for some gums~?

Absolutely! Illegal immigration because of no law enforcement. Illegal market activity because no law enforcement. (and SEC could not find PM market manipulation!) Illegal Clinton handling of classified material not prosecuted. Clinton money laundering charities not prosecuted. Clinton cattle futures scandal and lying under oath illegal and not prosecuted, Nixon taking us off gold standard illegal, Nixon creating the environmental protection agency via executive order, illegal and never challenged. The list is seemingly  endless.
And this will led to trust and confidence in the US gov. to decline. One estimate I read put that currently at 33% of the population. To reach that point in an individuals life, that individual has to just throw his hands up and say "I have no confidence in the system". The investment choice becomes evident at that juncture.

I would give that another 2 years or so before we reach that point.

Re: Absurd
Reply #100
I posted this on a Yahoo board and thought readers in this community might be interested.

Trump is proposing tariffs on steel and aluminum, the raw materials that go into about everything we make in America, so everyone in America working to make something is going to get squeezed as is every American consumer. If trade is unfair, why not place tariffs on finished goods so the raw materials we need are not affected? Cars, computers, all electronic goods, everything Walmart sells, clothes, etc. Costs will go up either way, but at least we have incentive to make stuff here. Tariffs on raw materials is shooting ourselves in both feet, tariffs on finished goods is shooting ourselves in one foot.

Has he thought of his massive infrastructure proposal? Everything from re-bar to structural steel goes up so the tax payer gets less for his money. How about one of our largest exports, airplanes; we are giving Europe, Canada and Brazil a huge advantage. Has he thought about retaliation on agricultural exports, the one wealth generating industry that is common to all of the states that voted him into office?

In 1920, the Merchant Marine Act was passed that requires all shipping between US ports be done with US built ships manned with US citizens and flagged in the US. US ship builders priced themselves out of all foreign buyers as they had a guaranteed market in the US, but shipbuilders in Korea and Japan prospered wildly undercutting 'protected' US shipyards. This affected the US navy as domestic shipyards fell behind in capability as there was no incentive to invest. Foreign shipping companies have international dominance over US shipping companies as unions have pushed wages and benefits way beyond free market discovery and capital costs for US shippers are much higher. On the other side of the coin, safety regulations and enforcement are top notch for US flagged ships, some might say to an extreme. Bottom line, we priced ourselves out of the international shipping market, decimated our shipbuilding industry, and increased domestic shipping costs for everyone in the US by protecting the industry. This is one example where good intentions paved the way to ruin for a once world dominating US industry

I am hoping this is bluster to get better trade deals, but I have my doubts. At least this is PM positive. For sure it is ABSURD!

Re: Absurd
Reply #101
Market is closed on Good Friday, yet the Trading View calendar has April fool's day posted but not Good Friday or Easter or even mention that the market is closed on March 30. While it might be an oversight, the lengths some will go to avoid political incorrectness is ABSURD.

Re: Absurd
Reply #102
Market is closed on Good Friday, yet the Trading View calendar has April fool's day posted but not Good Friday or Easter or even mention that the market is closed on March 30. While it might be an oversight, the lengths some will go to avoid political incorrectness is ABSURD.

There is right and there is wrong. Attacking him is suicide. Many atheists today want to force their views and put things in their court. You get what you ask for. Getting on a podium is stupid.

  • ken
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  • Global Moderator
Re: Absurd
Reply #103
Market is closed on Good Friday, yet the Trading View calendar has April fool's day posted but not Good Friday or Easter or even mention that the market is closed on March 30. While it might be an oversight, the lengths some will go to avoid political incorrectness is ABSURD.

There is right and there is wrong. Attacking him is suicide. Many atheists today want to force their views and put things in their court. You get what you ask for. Getting on a podium is stupid.
So much for liberal tolerance. I'm an agnostic and could care less if people are religious. This is America which has always tolerated people with different views. The atheists are really over the top with their court actions.

Re: Absurd
Reply #104
The quote below is taken from an article about Venezuela: " Having frustrated the creation of wealth, Venezuela's socialists have done what they thought was the next best thing-they created a lot of currency. With an inflation rate now at 24,600%, that currency is essentially worthless. So scavenging for food in dumpsters is more profitable than working for useless bolivars."

I bring this up because frustrating the creation of wealth hits home very hard. In America, government is growing, growing faster than can be afforded to the tune of a trillion dollars a year in deficits. Government spending is nearly 100% consumption and consumption consumes wealth. Consuming, or said another way, depleting wealth is depleting the resources needed to invest in wealth generating ventures, therefore in America, were are not only consuming wealth, we are frustrating its creation. The only long term fix is to decrease consumption in favor of investing in wealth generating ventures and that is facilitated by shrinking government. That is not likely to happen as it requires statesmanship, something sorely lacking in the political arena, and that in our fine country is ABSURD.


Link to full article:  http://www.powerlineblog.com/archives/2018/06/in-venezuela-the-end-is-near.php