Loading ...I saw George, my first comedian show, when I was 13. George might have been X rated, but he sure did a fantastic job telling how it is…..
If you’re not outraged, you’re not paying attention folks. Good evening to all fine posters in this wonderful tent.
…..thanks for the links……in this case profanity is for emphasis and raised to an art form…..
Don’t really want to get into a converstion about it now other to say I don’t balme oil employees lol if anything big buisness that let us to the housing disaster that had a domino effect in so may areas of the working economy and the deflation of the dollar bringing oil up..at a bad time too, which had a even bigger negative effect on the ecomomy.Then theres the problem of some of the oil land not being owned so trying to make a quick buck while they can as future unsure. Buts thats all Ill say right now.
One intresting thing Id like to mention and this is no joke..about 3-4 yrs ago when people were complaining about gas nearing 2.00 gal. I talked to a man from Texas, in stocks. He warned me to get a small economical car, stay away from SUVs and that gas was going to 4-5 dollars a gallon in a few yrs.
Thanks for linking that clip…..X rated, yes, But I don’t care in this case…..he tells it like it is. Arron Russo and now George Carlin……gone
One of my favorites from George Carlin ” X-Rated ”
But he tells it like it is’
www.youtube.com/watch?v=ktIECyzf4YM&feature=related
Today, of course, Comex gold saw a massive raid shortly after the opening, driving down gold four times the maximum move in the dollar on which it was blamed. More than half the day’s estimated volume had traded by 9AM, and very little recovery was allowed by the close.
This of course is very painful for The Gartman Letter, which went long on Thursday, and was looking to buy more on an hour’s trading above $905 even this morning. Some of gold’s friends will find this amusing, but that is foolish. The question is, what is present in the market which causes this very well-informed and alert technical/momentum player to go long immediately before unheralded and massive selling hits the market? This is the third time in a row.
The answer is undoubtedly that proposed in
www.marketoracle.co.uk/Article5181.html
and the reason is laid out in
Dead at age 71. Now this guy understood what was going on. R.I.P.
Found this snapshot over at rense.com this evening.
Knowing that the pass rate was only 40%, he advised looking around the class of students. If you reckoned that 60% knew more than you, time to work harder. Otherwise, you’d be right.
15:25 and following. He is one of my media heroes because he dared to say what he saw.
I think one of his well known quotes, if we (that is Goldtent posters) wanted to think about it a bit and accept its cold reality with respect to the crap game we are involved with in this PM equity market, could help put in perspective where we fit in here. Carlin’s quote (with my modification in brackets) is as follows: “Think of how stupid the average person (Goldtenter) is, and realize half of them are stupider than that”.
Thank you, George Carlin, for bringing us down to reality so often in your life. Equiz.
“This is when gold and silver prices will start to make 3 to 5-percent daily gains – maybe more. You see, the banks will be forced to ‘buy in’, even if the gold they have sold is formally leased out, and supposedly the responsibility of hair-brained mining executives. Of course more recent accelerating derivatives growth (short sales) cannot be attributed to new mine production because with the exception of China, gold production is contracting in most other areas of the world, and so is hedging. No – these forward sales are naked shorts put on by the banking community that will need to be covered one day. And as mentioned above, this should sponsor the biggest short covering rally seen in any major market ever witnessed, assuming current market are not shut down. This would naturally be difficult to do with physical gold and silver, which again, is why we harp on the virtues of physical metals religiously.”
financialsense.com/fsu/editorials/petch/2008/0623.html
by Captain Hook
TreasureChests.info
June 23, 2008
~ ~ ~ ~ ~
JBI
PS - GOLD’s 300 DMA on track for $800 by the end of JUNE, closing today at $797.75 - another All Time High. 
DJ Paulson:Very Real Risk High Oil Prices Will Prolong US Downturn
By Henry J. Pulizzi
Of DOW JONES NEWSWIRES
CANCUN, Mexico (Dow Jones)–U.S. Treasury Secretary Henry Paulson cautioned
Monday that soaring oil prices could extend the U.S. economic slump.
Paulson, briefing reporters with Mexican Finance Minister Augustin Carstens,
said there are no easy answers for the cocktail of forces buffeting financial
markets and consumers around the world, from high food and energy prices to
anemic economic growth.
“The kinds of major issues we’re dealing with don’t lend themselves to short
term fixes,” Paulson said, downplaying expectations for Tuesday’s meeting here
of finance ministers from the Americas and the Caribbean. “This is much more
about sharing experiences and developing some plans to go forward.”
The Cancun summit comes as energy markets shrug off Saudi Arabia’s pledge to
modestly lift oil production and U.S. lawmakers explore the impact of
speculation on energy prices. Paulson reiterated the Bush administration’s
stance that supply and demand are the dominant forces behind surging oil
prices, saying production capacity should be boosted and alternative forms of
energy developed.
He said because of oil prices there is a “very real risk of oil prices
prolonging this economic slowdown, but this is not a situation that lends
itself to a quick fix.” Referring to Sunday’s meeting of oil producing and
consuming nations in Jeddah, Saudi Arabia, Paulson said, “I don’t think this is
about, let’s have everybody get together and have a conference and we’ll come
right out and it’s solved.”
“When people look for quick fixes, then they’re not focusing on the real
issue and the real issue’s not going to go away, we have to deal with it,” he
said.
Paulson and Carstens met before briefing reporters, a session Carstens said
was a productive look at bilateral issues.
“This combination of high prices for raw materials, fuels, the slowdown in
industrial countries, is an external scenario we have not faced for some time
now,” Carstens said, noting that unlike past slowdowns, Latin American
countries are faring well as the U.S. economy sags.
“The roles have now reversed,” Carstens said.
I picked up the stat that: the US has $50 trillion in outstanding obligations. This includes all forms of government debt, social security obligations, medicare etc on into the future. Something tells me that this figure will not be paid with constant dollars but will be paid in the only way it can, with nearly worthless dollars in the future.
Today I received my gobmint cheese. The next time this maneuver is made the number on the cheese will be much bigger….and then so on.
your “Think oil taxes for one.”
I have not a clue what you mean or refer to? Deadeye
Thanks for the extra vitamin info. I strive not to be working out in extreme weather conditions as I had my fill of that in younger days.
Cheers
Check out the deflation in this chart