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Old 08-11-2018, 02:19 AM
Danny B Danny B is online now
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,326
Turkey, OZ,,silver,,, headlines

The speed of change is UNREAL. Turkey is collapsing at light-speed.
8/10 Stocks plunge on geopolitical concerns as Turkish lira implodes – CNBC

The Latest: Erdogan vows Turkish economy will grow strongly | News ...
7 hours ago
Whatever Erdogan’s claims about enhancing the place of Islam in Turkish life, restoring Ottoman glory and turning the country into a regional power under his strong and capable leadership, "
About that Ottoman glory,,

OZ is trying to create a special place in world affairs. The OZ government wants the world to be their tax collector.
" The Australian government is violating international law demanding that anyone selling anything on the internet must collect a 10% tax from an Australian and pay it to the Australian government.

The Australian government has shifted a tax-collecting burden to the entire world."
"There is absolutely no foundation in International Law that allows a country to impose obligations upon business in other countries and force them to collect taxes. "
"We are looked at a naked greedy tariff. Simply said, Australia is really becoming the most anti-capitalist country in the West. The Australian dollar has been declining since 2011 and this hunt for taxes continues to expand with the most anti-free market laws in Western civilization"

"Collectively, U.S. households are 13.15 trillion dollars in debt, which is the highest level in American history." PARTY ON!
Bankrupt America: Bankruptcy Soars As The Country Grapples With An Unprecedented Debt Problem

Silver & gold have traditionally been used as a store of value,,, not so much as a transactional currency. They are the premier monetary metals. What about other metals as a store of value? Rhodium went for $230 to $10,000 in just a few years. Platinum has been pretty good.
Silver is a monetary metal that has done very well. silver may be the new "thing"
"there was three times the amount of silver above ground in 1980 than there is today. The six billion ounces that existed in 1980 has shrunk to two billion ounces of industry standard 1000 ounces bars."
"In 1980, there were less than 3 billion ounces of gold in all forms above ground throughout the world – the cumulative production of thousands of years. Today, 38 years later, the total amount of above ground gold has doubled, thanks to an explosion of gold mine production.While silver mine production has similarly exploded over the past 38 years, there is much less silver around now. "
" JPMorgan has been able to accomplish in the physical market. It has used the highly depressed prices it largely created to accumulate on the cheap 750 million ounces of physical silver and 20 million ounces of physical gold."
All the CBs hold gold but, none hold silver. That really doesn't matter.

8/10 Sudden emerging market bloodbath – Talk Markets
Yeah,, and they owe us $trillions. Contagion writ large.
8/10 How automation will affect unfunded liabilities – Forbes
8/10 Streaming companies generate massive revenue per employee – First Macro
They don't generate massive wages so, there will be no money for unfunded liabilities.
8/10 What have we done? Gig economy has become a monster – Vanity Fair
Bezos could pay higher wages but, he doesn't have to. So, Amazonians live in their cars and buy nothing.
Labor shortages have not brought higher wages.
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