Silver Contest: Week 11 (of 11)

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iWriteStuff
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Re: Silver Contest: Week 11 (of 11)

Mon Jul 03, 2017 9:01 am

I am totally honest when I say that Silver is 100% responsible for my current interest in stacking silver. I even fought him on it a few times. All that changed when I got a few rounds of silver in my hand. I think I finally understood it.

Hold one silver coin in one hand and a $20 bill in the other. Tell me which one feels better.

(Hint: there's a big difference)

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Silver
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Re: Silver Contest: Week 11 (of 11)

Mon Jul 03, 2017 9:40 am

iWriteStuff wrote:
Mon Jul 03, 2017 9:01 am
I am totally honest when I say that Silver is 100% responsible for my current interest in stacking silver. I even fought him on it a few times. All that changed when I got a few rounds of silver in my hand. I think I finally understood it.

Hold one silver coin in one hand and a $20 bill in the other. Tell me which one feels better.

(Hint: there's a big difference)
Haha. Long before he met me, I'm sure IWS was already smart enough to figure out which of those two were the only possible Constitutional money.

I have purposely avoided any political commentary in the contest threads, but now that it's over I will indulge. The current gaggle of traitors in Washington, DC, both R's & D's, knowingly raise their hands when they promise to abide by their oath of office. Then they immediately break their oath. A pox on them. Using the paper from the Federal Reserve has destroyed our country both financially and morally. More people should own real money, silver and gold, to decrease our slavery to the Gadiantons of our day. I hope this contest has in some small way opened some eyes.

Almost every elected official in Washington is a traitor. Why would you trust them with your credit card and bank account and wallet?

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2EstablishZion
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Re: Silver Contest: Week 11 (of 11)

Mon Jul 03, 2017 11:59 am

I see that silver bounced off of $16 even a couple hours ago...crazy.

http://www.kitco.com/charts/livesilver.html

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Silver
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Re: Silver Contest: Week 11 (of 11)

Tue Jul 04, 2017 9:25 pm

Ron Paul: "I Would Not Be Shocked" If Stocks Crash 25% In 3 Months

Tyler Durden's picture
by Tyler Durden
Jul 4, 2017 7:45 PM
55
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Precariously overstretched equity valuations and the purportedly “data dependent” Federal Reserve’s insistence on raising interest rates could bring about the next market correction as soon as October, former Congressman Ron Paul said during a recent appearance on CNBC's "Futures Now."

The stock market's fragility – exposed by a series of volatility events in recent months – suggests that the Fed should tread carefully. However, policy makers, it seems, are focused on bracing for the next crash, and have telegraphed to the market that they will continue to hike rates, even as they struggle for justification.



All of this suggests that stocks could be in for a hard landing as soon as this fall, Paul said.

"I think that it will have a negative effect but I’m not going to say where it’s going exactly. I would not be shocked if in October if its 25% lower than it is now.”
When the next crash does arrive, Paul believes the Fed will be powerless to arrest it.

“I think the markets are very nervous for good reason: They don’t know what to expect and while it's unpredictable what the Fed will do, it’s also unpredictable how the markets will react.”

“Since they’re incapable of knowing what to do I don’t expect much good to come out of anything they do they cannot anticipate. They haven’t been right on most of their projections and their planning. I don’t think the bubble atmosphere and the wonderful things happening on Wall Street will last forever. I think it’s coming to an end.”
The unemployment rate at 4.3% belies the fact that many of the jobs being created are low paying or part time, and often don’t offer benefits like health care.

“But I think the signs are that the economy is weakening even more so, and I don’t accept this idea that employment is magnificent and perfect and will last forever.”

“Some of these markets are already looking a little shaky. The Nasdaq looks a little shaky, the dollar looks a little shaky right now and on to bonds - those prices are going down too as interest rates are going up.”
Paul closes the interview by pointing out that the laws of economics haven’t changed since the last crisis.

“People have been convinced that stocks are going to go up forever, that it’s a new era, but I don’t happen to buy this. I think the old rules always exist. There’s too much debt, and too much investment. The adjustment will have to come. If our markets are down 25% and gold is up 50%, it wouldn’t be a total shock to me.”

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