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   Strategies & Market TrendsRide the Tiger with CD


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To: Valuepro who wrote (291580)10/22/2021 4:15:03 PM
From: ralfph
1 Recommendation   of 304493
 
Rates should have gone up over a year ago. Evidence was there for the need for a raise.

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To: Pianoman1997 who wrote (291581)10/22/2021 4:45:58 PM
From: Valuepro
   of 304493
 
Right. And the Feds responsibilities are to their member banks, not to those who are forced to use their fiat money and fractional reserve paper.

Formerly, their strongest enemy (or competitive factor) was the Savings and Loan (S&L) industry. With the help of their friends at the Financial Accounting Standards Board (FASB), they crushed S&Ls, taking over many of them during the "S&L Crisis" which began in the late '80s. This was done by changing S&L accounting rules that bankrupted many and caused others to sell their assets (or become banks).

Much later, FASB (for whatever reason) applied the same accounting standards to the banks. The result was the Financial Crisis of 2008 and the collapse of Lehman Brothers, as well as the demise of many smaller member banks of the Fed. Thereafter, brokerage firms were prohibited from engaging in banking, a change that seriously impacted sources of money for mining, particularly for explorers.

But guess what? After some months of damages to all sectors of the US and global economy, FASB reversed themselves leaving the largest Fed member banks stronger than ever, and with even more control over the US financial system. Was this all toward socializing the financial system?

But what about state chartered banks, community banks and credit unions, you may ask? Yes, that is an interesting question. They could be someone's next target for elimination.

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To: ralfph who wrote (291582)10/22/2021 4:56:50 PM
From: Valuepro
   of 304493
 
The Fed, by the nature of its origins, is as much of a political monster as it is a bank. Outsiders are peasants left to ponder the mysteries of their doings.

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To: Rocket Red who wrote (291577)10/22/2021 5:03:09 PM
From: LoneClone
6 Recommendations   of 304493
 
All stocks today pump and dumps nothing but a giant casino now

Over the past two years I have done extremely well, more than doubling the value of my portfolioo, by sticking with my buy and hold/trade around a core strategy. I avoid any hint of p&d by only buying companies that have management with solid track records and that have a solid plan of developing value for shareholders using their assets.

Don't make the mistake of thinking your sandbox is the only one.

LC

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To: LoneClone who wrote (291585)10/22/2021 6:08:21 PM
From: ralfph
   of 304493
 
BB - not what I have in mind when thinking P&D , they dropped the ball and by doing so managed to have much of their tech stolen. Might be as big as Apple if they had been smart about protecting themselves when working in the office. As to the market being a casino….. lots of things in life are a gamble in one degree or another.
You could buy a Toyota and drive it for 400,000 Kim’s and have no issues - but the one next to it on the lot may have been nothing but a money pit.

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To: LoneClone who wrote (291585)10/23/2021 10:03:20 AM
From: kidl
1 Recommendation   of 304493
 
Canadian stocks post longest rally since 1985 as cyclicals boom

bnnbloomberg.ca

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From: kidl10/23/2021 11:15:32 AM
   of 304493
 
DWAC ... Fun weekend reading …

Donald Trump Does a SPAC Deal

Matt Levine's Money Stuff: Donald Trump Does a SPAC - Bloomberg

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From: Valuepro10/23/2021 12:18:43 PM
   of 304493
 
"U.S. appeals court hints at support for Rio's Resolution copper mine"

BHP in a 49 percent partner.

reuters.com

The proposed mine could produce in excess of 25 percent of US annual requirements for copper alone. Similarly, the Rosemont project of Hudbay near Tucson could produce 25 percent of US annual copper needs. Moreover, Hudbay recently announced a discovery near Rosemont that could be larger, richer, and cheaper to mine.

If all three go into production, they would supply well in excess of 75 percent of all US copper consumption for decades, to say nothing for billions of pounds of byproduct metals.

All of the above projects are subject to concentrated anti-mining efforts which may turn The Copper State (the leading producer in the US) into the Anti-Mining State. Any level of success by them will be good news for producers elsewhere, I suppose, if they are not Rio, BHP or Hudbay.

VP in AZ

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From: Marsman1110/23/2021 1:39:56 PM
2 Recommendations   of 304493
 
I hope Trump's SPAC deal keeps him so busy that he won't run for president for the good of the world.

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From: ralfph10/23/2021 2:26:00 PM
   of 304493
 
I see a Vancouver restaurant is offering $50,000 starting wage for a dish washer. I wonder how long that will last?

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