Wednesday, July 22, 2015

ITS ALL CONFIDENCE

A fiat system of money must be backed by CONfidence. It has to be the rule of law protecting the holder of the fiat guaranteeing that piece of paper will be holding its value over a reasonable period of time (you fill in the time period) and that you can readily access your paper money and transport your paper money without encumberment. Your paper fiat must be available at anytime in the future for you to exchange for something you value, such as food, medicine, artwork, etc. ON another planet many many years ago, countries backed their fiat money with gold/silver. This allowed CONfidence to be held until those ponzi years vanquished the illusion that gold was backing the currencies of the respective developed nations. 

A new backing developed for CONfidence and that was a complex system of propaganda/military/general illusion. Now that system is unraveling...(see Cyprus/Greece). These are beta tests to see how the multiple solutions/transitions to the next system will transpire. The lessons that we should be learning at this time is how difficult CONfidence is to restore once it is lost. For example look at Greece. They are in the midst of the dreaded "Bank Run". The ELA just approved 900 million more Euros to keep liquidity in the Greek Banks that just reopened after being closed for two weeks. Rather than ask why is there still a bank run, the real question is WHY IN THE HELL WOULDN'T THERE BE A BANK RUN?
So how long will the rest of the pseudosolvent Eurozone countries like Germany pay the tab for Greece's debt?

This is only the beginning of the dilemma for central planners (monopoly men). How to restore CONfidence once CONfidence is lost. How much fiat can you pour down a hole that has no bottom? How much can you bleed to save a trauma victim that can't be saved. We have learned one thing however......YOU DON'T BUY GOLD! That's what Bloomberg CNBS etc. are all telling you every hour and you're even beginning to believe it aren't you. hehehehhehehehe....... oh man, these guys are good. gl to all of you and I hope the sun shines in your face and the wind is at your back.......











68 comments:

  1. “All things are subject to interpretation. Whichever interpretation prevails at a given time is a function of power and not truth.” ― Friedrich Nietzsche

    And what a tangled web we have woven! hehehe.

    -OH

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    1. Certainly exemplifies our current bizzarro world doesn't it??

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  2. Spectacular turn in the gold markets is coming (after a horrifying collapse of epic proportions):

    http://kingworldnews.com/legendary-pierre-lassonde-a-spectacular-turn-in-the-gold-market-is-coming-china-and-india-will-be-the-key/

    So, what do you do? Buy MOAR gold. And buy it with CONfidence because SUMtin is wrong and gold is headed much, much higher.

    Don't buy Nasdaq stocks, don't buy solid companies that produce good and services, and pay dividends. Buy MOAR gold because Kliguy says so, and Kli is always right as Lassie Tom would tell you.

    And here's the best part. When this Ponzi finally collapses, the dollar becomes worthless, and gold goes to $50,000, that's when you'll realize genius Kli was right all along. You'll be glad you bought SUM gold when you had the chance.

    Hehehehe.......

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    1. BUY MOAR NFLX!!!! BUY MOAR CMG BUY BUY BUY BUY........hey why not? The companies are buying their own stock like crazy...it must be great for the companies to all be buying their own stock.....or wait......could it have somethin' to do with them PUMPING THE EARNINGS PER SHARE metric so they can pocket their bonuses and keeping the illusion up they're meeting their earnings estimates. hehehehehehehee.......you're such a ponzi pumper buttfox.

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  3. Oil collapse is big. It will now trigger major derivative unwinds before year end. Liquidity (if it even exists then) will evaporate. gl

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    1. The next break will be an accelerated time run to bottom probably nine months, like that really helps. Previous peak drops were around 3 years and 1.5. Harder question is will they try and repump it back up or let the markets work it out, assuming markets are functioning.

      http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=sp500&x=33&y=15&time=20&startdate=1%2F4%2F1999&enddate=7%2F2%2F2013&freq=3&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=20&uf=8&lf=2&lf2=32&lf3=4&type=4&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

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    2. MACD cross very impressive on the rollover of all charts...looks like crash time is here.........less than three months time. gl and thanks for charts...since I wont short this time around I haven't really looked at them so thanks again.........

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    3. ding ding ding.....we have a winner red

      http://www.zerohedge.com/news/2015-07-23/us-recession-imminent-world-trade-slumps-most-financial-crisis

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  4. Skippy made $50 or so on his AMZN share!!!! 20,000 more trades like this and Skippy has his $1 million (before taxes) portfolio. Hehehehe It is al good.

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    1. yup!!! nice short squeeze on a monster pig of stock

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  5. hey tom.....send these flowers to skippy

    http://www.zerohedge.com/news/2015-07-23/fallout-fukushima-summed-1-disturbing-image

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    1. Nah it's all cleaned up, nuthing to see, Skippy said so...... Yeah saw that yesterday, sum fk'd up chit.......

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  6. This is the most negative article on gold that I've seen from Armstrong. Unfortunately for us, he has been entirely correct: http://www.armstrongeconomics.com/archives/35296
    Very bad news if it closes below 1084 tomorrow which looks highly likely.

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    1. not bad for me.....I hope it goes to 900.....yum yum......not a ton of fiat left but enuff for a nice buy.......made 5 silver buys in last 3 weeks and will hold back fiat for the final plunge (IF it comes)

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    2. "The problem for gold in the future is the hunt for taxes may in fact eliminate it as a viable means for transporting wealth as it once provided over the centuries. You cannot legally store money in a safe deposit vault, hop on a plane with it or use it to buy a cup of coffee at Starbucks. The hunt for money may seriously impact gold as a medium of exchange, except in a very black market, reducing it to the modern day drug business."

      I wonder what Armstrong would say about silver and its value......He must really think highly of the "fiat paper" store of "value" in the ponzi.......vethy interestin'.......

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    3. Yup, sometimes he sounds as if he could be reading a teleprompter @ CNBS

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    4. I think he got a lobotomy in prison and a chip implant before discharge..........hehehehhehe.........

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    5. that is an excellent point on Armstrong throwing in the towel to the criminalization of everything for the plebes,but what's even more funny is they are criminalizing cash at the same time, placing more restrictions on digits created on a computer and who gets them and YOUR a criminal if you don't support fed policies trying to screw you. Can you smell that? It smells like recovery, but for whom hehehe.

      -OH

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    6. Hmmmm Do you smell that smell?

      https://www.youtube.com/watch?v=wz1x28DHF08

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    7. Hey, guys. That's all it took for me to link his 1084 or above close...I swear they read him. What a turnaround today even tho the close was below 1100, it was well above his "must hold" or panic cycle 1084 for Aug. futures. He doesn't talk about silver Kli. He talks about and holds many ancient coins. Today says no way will we have the SDR the IMF wants as new world reserve currency...Am. dollar is king due to capital fleeing (and is allowed to flee) Europe, whereas Americans cannot put money in European assets.
      OH, you know his situation? His greatest appeal for me is that he is so anti-government and with first hand knowledge of their criminality from top to bottom. They damned near killed him holding him on trumped up charges. I've read him for years although often have trouble interpreting his assays. Wish I could afford his services, mostly they are for much, much bigger fish than such as I.

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  7. My DGLD is doing great, I will take SUM profits tomorrow and let the rest of it ride until gold $900 or so, and then collect a whole bunch MOAR profits.

    In the meantime, you better backup that truck and buy MOAR gold Kliguy.

    Hehehehe......

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    Replies
    1. sorry buttfox but your credibility is in doubt. You have not made your purchases known and you have NOT stated BEFORE the fact your "cyber trades"....... So if you wanna play that game feel free..but we've all sat on pins and needles since your last big buy and hold on recommendation on Intel.......that was so hot I cant wait for your next pick........go ahead pussy and give us a cyber rec....hehehehheehheheheheehehe.....

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    2. It ain't so great now, bud.

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    3. DGLD, hahaha sure Skippy sure....... Now that's funny!!!

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  8. So what then? What happens at $900? I mean, you already said you never sell. Whether it goes to $200 or $2000, you just backup the truck and buy MOAR. What sort of putz are you anyway Kliguy?

    You jus can't get it thru your head that gold is a trade, like any other trade. Buy low, sell high. But if you are a genius like Kliguy, you buy, buy, buy

    Hehehehe.....

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  9. Only a mentally challenged putz like you would buy and hold Intel, Kliguy. But you are well known for your great predictions and recommendations. You have SUM miners we can buy before they go to da moon?

    Hehehehe......

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  10. Looks like Skippy's in the Manic Cycle tonight......

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    1. WOW.....he is very out there isn't he. Now he's saying that I would buy his Intel he recommended to poor o'l Jay right here in front of everybody that day. heheheheheheh...... he must think we didn't see that big recommendation. hehehhehehehe........ We love skippy so he can recommend Intel or anything else he wishes to grace us with. It couldn't be worse than the miners BWAAAAAAAAA.....Hey skippy....you need to go out with your "friends" and have sum great wine and seafood and talk about all the key"strokes" you guys got paid for today on these fiendish blog sites........hehehehehe......Tom and I don't want ya to burn yourself out with all of these tantrums so just go out and enjoy life a little....oh and quit buyin' all that Intel........

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  11. How much Intel do you hold Kliguy? You keep bringing it up, you really took it up the ass didn't you? Well, buy MOAR Intel Kliguy, it's going to da mooooon! Hehehehe.....

    And looks like gold is down again tonight, you'll need a bigger truck to back up at the rate things are going. Sub $1000 coming possibly by next week. Hehehehe.....

    You know, it's impossible to be wrong about everything 100% of the time, but you have managed to pull off the impossible. You are fuching wrong every single time you open your mouth. Tell us more about the horrifying imminent collapse that is coming.

    Bwahahahahaha!!

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    1. kinda up late tonite on all of your most hated blogs......hehehehe......you need to find sumthin' positive in your life bro.....there's sum great dating websites out there....give it a try....sum of um don't even require a picture of yourself either....watta deal bro.......hehehhehehe...have sum fun ...life is too short to be on sites you hate so much skippy.

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    2. oh and i forgot to add......Does your mommy know watta potty mouth you are??? hehehehehehe.....chill out bro..you're scare'n me.......:-)

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  12. now back to sanity

    http://hwcdn.libsyn.com/p/a/8/1/a818d7f235cf5edf/Andy_Hoffman_22.Jul.15.mp3?c_id=9459373&expiration=1437714808&hwt=0b8a21c0a45c76e777509a8671eade86

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  13. I'll stick with Richard Russell sista

    http://kingworldnews.com/richard-russell-despite-massive-propaganda-u-s-economy-sinking-john-williams-is-right-as-we-are-all-being-told-the-big-lie-the-war-in-gold-continues-to-rage/

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    1. You boy's were up late last night... hehehehe

      The Big Lie? C'mon man didn't you see Amazon smoke the numbers yesterday? Hahahaha

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    2. yup the ponzi even brags out in your face they're buying back their own shares hehehehee....stbx announced "an additional 50 million share repurchase"......and that is on top of their 10 zillion shares they bot last year.......BUY BUY BUY.......

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    3. up late.....thank gd buttfox is here .....keeps it from being boring

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    4. 92 Million Net on 23 Billion in Sales.... Woo Hoo but I suppose it's better then losing......

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  14. Sister,

    You have to love CEMP in today's up and down world...Also put these tickers on watch...scale in...IDRA, ABIO and AKAO

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    Replies
    1. CALA unbelievable! Did you sell? Luckily bought on that gigantic pullback. Yes, CEMP is such a gift, just nice up trajectory v. all the volatility everywhere. It's a Chapel Hill Co., live about 125 miles away.
      Thank you for all of your biotech suggestions. They've worked out great except I still have some ARNA.

      Delete
  15. Life imitating Art.....

    What a wonderful future!

    http://www.news.com.au/technology/innovation/report-predicts-drones-and-supersoldiers-are-the-future-of-warfare/story-fnpjxnlk-1227456027308

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  16. Quid Pro Quo?

    http://www.zerohedge.com/news/2015-07-24/why-hillary-clinton-just-went-nuclear-short-term-capital-gains-tax

    Say it ain't so, Presidential Politics at it's finest!!!!

    https://www.youtube.com/watch?v=74y8qfdXH54

    BAWAAAAAAAAA

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  17. BTFD you noobs

    http://www.zerohedge.com/news/2015-07-24/dow-dumps-600-points-mondays-jubilant-highs

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  18. Guess we should buy this one: http://news.investors.com/072415-763319-fda-approves-praluent-for-high-cholesterol.htm?ven=yahoocp&src=aurlled&ven=yahoo
    Oh wait...trading halted and it will cost $14,600/year!!!!! to lower my cholesterol. Geez.

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  19. "If I'd written all the truth I knew for the past ten years, about 600 people - including me - would be rotting in prison cells from Rio to Seattle today. Absolute truth is a very rare and dangerous commodity in the context of professional journalism."
    Hunter S. Thompson


    "Even if you are a minority of one, the truth is the truth."
    Mahatma Gandhi


    "I'm for truth, no matter who tells it. I'm for justice, no matter who it's for or against."
    Malcolm X

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  20. sista you should listen to the rob kirby interview above about Martin armstrong

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    1. in fact sista listen to the entire vid........Rob Kirby blows these bastards apart

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  21. This chart from Daneric is keeping me away from gold, although we may be very
    close to a Wave B up (a last chance to liquidate?), longer term, not a good scenario.

    http://3.bp.blogspot.com/-6XfYDsoPxRY/VbLSrpADGHI/AAAAAAAAa3U/0wGk9cuMEe8/s1600/Gold.png

    Randall

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    1. thanks randall......I just don't watch T/A much nor do I have much CONfidence in it in a manipulated market but I do look periodically....I guess its habit.........

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  22. Celente discusses Buttfox's Amerika

    https://www.youtube.com/watch?v=KqEFGzbinGg

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  23. https://www.youtube.com/watch?v=S8ly0c0_Rnk

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  24. Hey sister,

    About Armstrong, I guess I am kind of ambivalent, I did enjoy that Rob Kirby interview and he mentions him,I guess my point would be to listen to everyone but believe no one for at the end of the day it's your decision and no one truly knows the future but that's what happens when you speak truth to power or try and challenge the system, look at Peter Schiff's dad.

    I guess the moral of the story is paper beats rock

    https://www.washingtonpost.com/blogs/wonkblog/wp/2015/07/25/gold-is-doomed/

    and you can always trust paper because "they" have our best interests at heart right because
    being above the law has it's perks. This seems to me about social engineering complete control of everything.

    -OH

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    1. I feel the same way you do OH with a little bias "against" Armstrong. I find plenty of inconsistencies with his predictions over the years.....Just as my "Kress Cycle" wasn't exactly on for the paper stock prices, his cycles have not been on for the paper market other than his "jumping on gold" after it was crushed in 2011 which WAS correct to do. Many of these T/A predictions are based only on paper prices of course and will have zero impact if physical is the real underlying game in the next few years.....I do find the positions on the paper options in the speculators very interesting now so I guess I'll just have to have more popcorn. Like a very old man says that's been in the market over 70 years......"I have my physical silver and gold and out of the market so I rest very easy at night now..........gl OH

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    2. I know you like anecdotal evidence, someone I know who works as an at will temp for a large company in the NW just had their tech support moved to India. Same thing with my company where I am a temp, which is also having a major layoff. Moving tech support to India makes sense on paper, then the real cost is productivity because they aren't trained and just end up wasting your time anyway...
      and we need to import more foreign labor to stay competitive.

      It's not just gold Kli, it's not just the one thing, it's everything! hehe.
      Grab the popcorn is right. gl to you too Kli.

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    3. Its happening all over......not just in tech either........entire professions are being usurped and moved overseas to questionably qualified professionals such as radiologists. These are MDs trained in borderline schools and hospitals reading Xrays/CT scans real time in high volume Emergency Rooms and making mistakes that are just overlooked. In moderate to small hospitals there are no longer any radiologist at all........I anticipate that much of daily medicine will be done "on line" very soon (less than five years) and the doctors will be overseas....hehehehhehehehe........Its diabolical and we'll just "take it".......hehehhehehhehehehehe......In time we will just slide into the abyss..........kinda like we are now.

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    4. BTW OH if anyone mirrors my attitude on this its Andy Hoffman...he's a pro that predicted this move on gold and especially the miners BEFORE it happened and gave you very solid insight as to WHY.......he's remained spot on and is well worth the review of his posts and youtubes...........very good guy

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    5. Short version of Andy is he tells you just buy the physical and stay out of the paper market.......he's said that now for over 4 years.........

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    6. Re: the shipping of jobs to incompetents overseas. This is the appeal of Trump and Sanders...they are the only ones addressing this issue, but Trump has done his homework and has great marketing people helping him.I I think a large portion of the American people recognize what's happening and are angry!
      And as far as Armstrong goes, it isn't just about gold for me. He's a programmer and trader who's developed a computer and insists it isn't his OPINIONS. And he agrees with Anon, it isn't just one thing, it's all connected.
      I will also pay more attention to Andy Hoffman. Rob Kirby has skin in the game.
      Bud Fox seems to be a troll, IF his opinion were of value they would have more substance.

      Delete
  25. https://www.youtube.com/watch?t=895&v=lDeex-mXtGo

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  26. https://www.youtube.com/watch?v=e9qQmt03I-M

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    1. I enjoyed BudFox's contrary opinion when jiving your choices in the market because that is conviction in one's ability to see trends/value/whatever and it's nice to be proven right, but not only that, listen to the counter opinion, but after a while of ad hominem attacks and other than the fact you and I have been wrong betting against the powers that be ability to manipulate and control not only the above the law mechanisms they have fought so hard to implement over generations, against an unquestioning public, but at the same time having the ability to control public perception against the greater publc's own interests, the more we slip into this Orwellian whathaveyou, the more reality will become detached from those with the ability to question, in a world where we are no longer citizens with rights but merely consumers with privileges by corrupt central planning whathaveyou.

      What could have been and what was. If this is not a battle between good and evil then how do you quantify it, can you boil it down another way?

      Paper is actually cotton a slave crop in our nation's history, how fitting.

      -OH

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    2. No problem here with Buttfox and anyone that wants to own this stockmarket ......more power to um.......I won't play other than my miners.......I hope they all buy mOAr and make mucho dinero.........its PARTY TIME......hehehehehehehe........or as number one shill Kramer says BUY BUY BUY........For me its like my most excellent pal Richard Russell says. buy physical gold and silver and sleep well

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  27. https://www.youtube.com/watch?v=OG28wrEvLdc

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  28. "in a world where we are no longer citizens with rights but merely consumers with privileges by corrupt central planning whathaveyou." Yup like paramecium in a petri dish in sum PTB lab conducting bizarre experiments on the proles.....

    Case in Point:

    Enjoy your kibble......

    http://www.naturalnews.com/050525_DARK_Act_GMO_labeling_House_of_Representatives.html

    But don't worry we'll sell you the Med's you need to fix all those lump's you got eating the delicious kibble we provide you......

    http://www.naturalnews.com/034681_pharmaceuticals_foreign_factories_ingredients.html

    Well maybe not BUT it's for your own benefit after all!!!

    Oh and you really shouldn't pay attention or talk about it.....

    http://m.snopes.com/2015/07/21/five-holistic-doctors-dead/

    and of course if you like your job, you can keep it for a just a little longer this way you can train sum lackey to replace you for a quarter of the price!!!

    Hehehe and the Cotton you continually reference, is probably a very hardy strain complements of Monsanto!!!

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    1. Almost forgot......

      Enjoy the mystery meat!!!

      http://right.is/food-and-farming/2015/06/house-votes-to-repeal-country-of-origin-labeling-for-meat-2530.html

      Delete
  29. Trump.... hehehehe, I haven't figured out his angle yet but at least he's entertaining......

    I'm thinking he playing the foil.....

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  30. Wow, has he had a bearish reversal: http://www.scribd.com/doc/22417671/GOLD-5000-11-11-09
    Scroll down to p. 15-16 to see where he's proclaiming that gold is the most important market of all and it will rise into 2016. I don't agree with Peter Cooper however that his "hurry up and buy low" at face value, rather as sarcasm. He also has had many, many articles on gold on his blog. Not sure where Mr. Cooper's getting his interpretation but as you can clearly see, he was calling for $5000 gold a mere 5 yrs. ago. http://news.goldseek.com/GoldSeek/1437940421.php

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  31. In order to keep the S&P 500 Index comparable across time, the index needs to take into account corporate actions such as stock splits, share issuance, dividends and restructuring events (such as merger or spinoffs). Additionally, in order to keep the Index reflective of U.S. stocks, the constituents need to be changed from time to time.

    Gap down at open???

    ReplyDelete