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Thread: sell! sell! sell!

  1. #28976  
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    Quote Originally Posted by PatsFan1283 View Post
    I watched like 5 minutes of it and thought it was painful. Like he was going through the motions to keep up appearances for the role he has.

    Almost like an actor who knows he isn't gonna get the part but still trying to give the best audition he can. Nothing like the energy he had when Obama was prez, think he just knows it is a wrap.
    Not really it’s important so more people nationwide are aware at this moment the GOP with control of the presidency, senate, and the house..are about to approve trillion dollar deficits.. the hypocracy need me to be document and spread as much as possible.. he’s making headlines on the major news networks..

    It is a crystal clear moment where the GOPs hypocracy is clear as day and needs to be broadcast as much as possible..
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  2. #28977  
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    Looks like he’s going for it.. gonna force government shut down albeit it will be short lived.. unless he maybe swayed house to reject it..
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  3. #28978  
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    Articles from cnn to foxnews saying he’s correct that republicans are complete hypocrites ..

    I know its a hopeless cause.. it will pass.. it will be forgotten. And one party system will continue down its suicidal path of destruction.. but at least somebody called it out.. rather than the old days where the one party system (that pretends to be two parties) just rams this shit through with nobody paying attention..
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  4. #28979  
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    Remember this moment

    with the economy in a clear bubble and at full employment.. congress with “conservative” control of presidency, senate, and house passes a budget with a trillion dollar deficit.

    clear sign of how truly fucked we are.. Rand only one that even bothered to point it out..
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  5. #28980  
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    Markets struggling to hold green on day it got everything it wants from the status quo one party system.. more spending and debting on everything!

    dont say u weren’t warned by the crazy kooks..
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  6. #28981  
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    S&p went boing once it got down to the 200 dma that it hasn’t sniffed for over a year now at around 2500.. looks near term oversold so may have more rally in it from here.. back to 2700 or so (50 dma) looks like a good target.. the large volitility still tells me this the end just will be a very choppy ride as it always is..
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  7. #28982  
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    Nothing a massive spending increase cant fix
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  8. #28983  
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    Things aren't really overvalued anymore, unless you're one of the 85% of the poor in the world

    It's more a case of there's so much cash out there in so few hands it doesn't have enough secure assets to invest in and so we get get a kind of ponzi scheme inflation effect
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  9. #28984  
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    In the past the third world had to live with it

    Now the first world is being affected by this ponzi scheme effect
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  10. #28985  
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    As far as blaming the baby boomers is concerned I'm afraid your own generation will disappoint you as much as the previous generations have once the money and power flows down to them

    It's in the genes

    You can blame the Catholics or the Jews or the Baby Boomers or whatever but it's the human race

    If you have a society with not too much wealth then things can be pretty amazing but once a society gets too rich then everything goes to shit and there are no exceptions

    Too much money is just like too much booze or too much food, it fucks up the human race
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  11. #28986  
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    Quote Originally Posted by tiznow View Post
    Markets struggling to hold green on day it got everything it wants from the status quo one party system.. more spending and debting on everything!

    dont say u weren’t warned by the crazy kooks..
    Not very encouraging that gold didn't spike on the spending bill news as trillion dollar deficits should be 1 of the main things that helps it to break out from here.
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  12. #28987  
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    Quote Originally Posted by eek. View Post
    As far as blaming the baby boomers is concerned I'm afraid your own generation will disappoint you as much as the previous generations have once the money and power flows down to them

    It's in the genes

    You can blame the Catholics or the Jews or the Baby Boomers or whatever but it's the human race

    If you have a society with not too much wealth then things can be pretty amazing but once a society gets too rich then everything goes to shit and there are no exceptions

    Too much money is just like too much booze or too much food, it fucks up the human race
    Just a product of one generation holding power for too long.. that and people living longer .. old people get stuck in “the good old days” mentality.. like coal/fossil fuel use etc.. we need higher turnover to do better at evolution of our species.. the millemials know we are completely fucked fiscally and environmentally if we don’t change our ways but have no power to do anything about it yet.. the baby boomers are like fuck it I’m dead soon who gives a fuck.. now we got a 70 yo blowhard self centered celebrity as POTUS
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  13. #28988  
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    Quote Originally Posted by PatsFan1283 View Post
    Not very encouraging that gold didn't spike on the spending bill news as trillion dollar deficits should be 1 of the main things that helps it to break out from here.
    I wouldn’t pay attention to day to day noise.. long term (10+ year charts) it still looks just fine.. near term technicals traders were looking at pull back to 1300 level.. at some point soon I think it will start its next bull leg upwards.. after 6-7 years of consolidation from the 2011 high.. I could be wrong we shall see..
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  14. #28989  
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    As long as gold holds the uptrend line from the 1050 low in 2016 no reason to worry about the bull case for gold..
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  15. #28990  
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    A barbaric relic, my 20 litecoins for $1000 will kick its ass

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  16. #28991  
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    Quote Originally Posted by eek. View Post
    A barbaric relic, my 20 litecoins for $1000 will kick its ass

    I like ltc on a 10 year time frame.. near term not so much..
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  17. #28992  
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    Quote Originally Posted by tiznow View Post
    Btg still double digits once/if gold takes off to new highs on the next bull leg as I expect.. new big mine up and running ahead of schedule and at a low cost... just in time for expected gold ramp..

    Pull up a long term chart of btgtoo.. very bullish setup.. once it breaks that uppermost line skies the limit..

    im always early I’ve been adding to my gold stack a lot recently..

    market starting to wake up to whats going on gold/silver perking up some overnight as markets down another 2%

    this is the DECADE monthly chart of btg








    THIS IS NOT
    an uptrending or bullish set-up. NONSENSE.


    that said , its forming a triangle, likely to break (inflation fears, USD in fee fall..?.) Buy through a break of the triangle, certainly over 4.50 ......if the break is to the upside.


    once it breaks through a ceiling the 'sky is the limit'....lol....its not Amazon .............short term-- BUY, oversold, broke through 8 EMA, awesome candlestick today
    Pinarello (Paris) 2012 , dura-ace c50, shimano ultegra Di2
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  18. #28993  
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    Gold/silver making a nice move today.. btg up 6%

    the reality of stagflation beginning to smack everybody in the face.. as CPI was above expectations.. and retail sales were below expectations.. bad combo for economy... mr market May still head up to 50 dma around 2720 on s&p but expect it to fade..
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  19. #28994  
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    Nice bounce in crypto land eekster especially for ltc .. looks like they getting ready to release litepay.. I’m still sceptical if it all near term.. and believe the recent highs for crypto will be the highs for many many years.. as they still need years of development to live up to the hype/valuations.. just sense it recently hit the equivalent of nasdaq 5k in 2000 and now in crashing stage.. will be a very bumpy ride.. looking out say 10 years there will be some very big winners.. for payments/money ltc seems to be the front runner.. for the Internet 2.0 decentralizing and disrupting many industries .. Eth looks like the front runner.. but it’s constantly evolving and things can change..
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  20. #28995  
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    Looks like gold up against the 1350 wall again.. may need more time to break through.. who knows on near term stuff.. it should eventually as the fundamentals (global fiscal insaity) are still clearly there.. unlike the stock market which is very overvalued on a historical basis.. not even factoring in ten over debted/leveraged nature of our economy..
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  21. #28996  
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    Morning gap on s&p and dow up to the 50 dma as I was expecting once the markets bounced strongly off the 200.. now we see if it rolls over and dies from here...
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  22. #28997  
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    Mr. Market back for more.. resilient that’s for damn sure..

    regardless of what happens this article sorta highlights how the US is becoming Mexico north as ive been saying for years.. unless there is some sort of revolution amongst the left/right brainwashed masses to join forces and destroy the one party system of fiscal liberalism .. we heading for a nation with hoards of poor people and a few that own everything..

    ——————

    Why Warren Buffett is a ‘prime example’ of the failure of American capitalism

    By Shawn Langlois

    Key Words
    Published: Feb 15, 2018 1:21 pm ET
    ‘The path to solving America’s inequality crisis goes through Omaha’

    Berkshire Hathaway CEO Warren Buffett talks to reporters prior to the Berkshire annual meeting.

    ‘Warren Buffett should not be celebrated as an avatar of American capitalism; he should be decried as a prime example of its failure, a false prophet leading the nation toward more monopoly and inequality.’

    That hot take comes from David Dayen, ripped from a deep dive published on Thursday in the Nation headlined “The dirty secret behind Warren Buffett’s billions.” Not quite the fawning media coverage of the Berkshire Hathaway BRKboss you’ve probably come to expect.
    After all, he’s the Oracle. The folksy host of the “Woodstock for capitalists.” Bill Gates’s bridge-playing buddy. And, as Dayen points out, Obama and Clinton hailed his endorsements, while Bernie Sanders backed his take on taxes. Even Katy Perry hangs with him and talks about bitcoin BTCUSD+9.36% .
    “The press treats him like a Kardashian, publishing quirky features about his bad eating habits, frugal spending, and hobnobbing with celebrities,” Dayen writes.
    But there’s a dark side to all this, according to Dayen.
    The ‘unfair advantages’

    “[M]onopoly power and the unfair advantages it provides” is the driving force behind Buffett’s massive fortune, in Dayen’s view.
    “Companies in Buffett’s portfolio have extorted windfall profits, ripped off taxpayers, and abused customers,” he says, adding that Buffett “makes no secret of his fondness for monopoly. He repeatedly highlights the key to his personal fortune: finding businesses surrounded by a monopoly moat, keeping competitors at bay.”
    Moat-wise, Buffett has said as much.
    “If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business,” Buffett once said. “If you’ve got a good enough business, if you have a monopoly newspaper or if you have a network television station, your idiot nephew could run it.”
    And at a Berkshire Hathaway annual meeting back in 2000, he said that “we think in terms of that moat and the ability to keep its width and its impossibility of being crossed. We tell our managers we want the moat widened every year.”
    But that doesn’t sit well with Dayen.
    The ‘road to oligarchy’

    “America isn’t supposed to allow moats, much less reward them,” he writes in the piece. “Our economic system, we claim, is founded on free and fair competition. We have laws over a century old designed to break up concentrated industries, encouraging innovation and risk-taking. In other words, Buffett’s investment strategy should not legally be available, to him or anyone else.”
    Dayen says, however, that the government has hasn’t done nearly enough, beyond just Buffett, to curb the proliferation of the problem.
    “The United States has not only failed to build bridges across monopoly moats; it has stocked those moats with alligators,” he writes. “This consolidation has vastly inflated corporate profits, damaged workers and consumers, stunted economic growth, and supercharged economic inequality.”
    Buffett has played a key role in the trend, Dayen claims. “Buffett isn’t following America on the road to oligarchy; he’s leading it,” he charges, before launching into three specific examples of Buffett’s “hunger for monopoly” — VeriSignVRSN+1.72% , TransDigm TDG+2.12%and his aggressive move into the airline sector.
    ‘Getting serious about taming monopolies also means ceasing the endless praise of Warren Buffett.’

    Dayen also writes about the hypocrisy of Buffett’s pleas for tax fairness while he maintains a $22-billion stake in AppleAAPL+3.26% , “perhaps America’s most notorious corporate-tax evader.” The iPhone maker is his third-biggest position, behind Wells FargoWFC+0.24% and Kraft Heinz KHC-0.01% .
    “Getting serious about taming monopolies also means ceasing the endless praise of Warren Buffett,” Dayen concludes. “The path to solving America’s inequality crisis goes through Omaha and the cuddly billionaire whose love of monopoly is contributing to national desperation.”
    See original version of this
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