5 Replies to “Elbows Down!”

    1. Don’t be silly. This money show host (?) spent 10 minutes telling you to invest all your money in gold. You know … throw out your gold teeth-2

      https://youtu.be/6JZeWRsF034?si=5-tJiyX3FBAi0iUa

      Who are these strangers
      Who pass through the door
      Who cover your action
      And go you one more
      If you’re feeling lucky
      You best not refuse
      It’s your game the rules
      Are your own win or lose

      1. Kenji, Jeff Snider is a decent macro guy. I’m seriously long gold, and it has outperformed the S&P. I did not get into gold starting at $750 USD to make a big gain, but to protect against really ugly things. Gold is over $3,500 USD today, I have far less worries than I would if in the S&P in a big way, almost the entire gain is 7 stocks, which *if* the index falls will collapse to really low levels, given that most investors are passive i.e. index investors now. The decline will be as artificial and dramatic as on the way up, only faster.

    2. Short answer: no, climate will continue its inexorable change.

      Central bank digital currency, OTOH, is coming: “He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” Revelations 13:16-17

      Don’t assume that you can keep what is “yours”. In the U.S., Section 8-511 (c) of the Uniform Commercial Code (UCC) says:
      “If a clearing corporation does not have sufficient financial assets to satisfy both its obligations to entitlement holders who have security entitlements with respect to a financial asset and its obligation to a creditor of the clearing corporation who has a security interest in that financial asset, the claim of the creditor has priority over the claims of entitlement holders.”

      IOW, you are merely an “entitlement holder” of your financial assets. Those assets can be pledged as debt collateral by your financial institution. If they can’t meet their obligations, your assets go to their creditor.

      “The Great Taking” can be downloaded here:
      https://thegreattaking.com/read-online-or-download

  1. As long as Kanadians get their three basic needs, they don’t give a f*ck.

    That is, 1) lots of free stuff, 2) government to do all the thinking, and 3) a snitch line to report neighbours for exercising freedom.

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