Posts by dustyheron5

Gold ought to bounce off the $1,210 mark—if that actually happens, you’re going to have a hard time picking up Twilio at $2.70.

We'll find out soon enough; the Fed is practically itching to hike interest rates.—

Larry Wilson25 said:So, here I am—just a big guy sitting in my Ford F-150.

I’ve gotta hand it to him, though... that Native American kid totally outplayed me. At least when it came to that last analysis. 😁

I am bearish in the short term—looking toward the start of summer—but long-term? I am incredibly bullish. (Whether that's actually smart... well, we'll see.) 😁

dustyheron5 said:Aside from sounding blunt and arrogant, this approach will soon become completely impractical—especially once crypto gains more traction... and that moment is approaching fast.

Then the banks become obsolete.......😉

https://www.bloomberg.com/news/artic..._medium=social

wiredlynx28 said:It might sound harsh, but let's be real: an individual standing up against a giant like Bank of America is an uphill battle.
Especially when dealing with matters like this.
Honestly, you're better off just paying for a vacation or something similar rather than sinking money into legal fees and wasting precious time on a fight where the person suing the bank usually ends up losing everything.

Aside from sounding blunt and arrogant, this approach will soon become completely impractical—especially once crypto gains more traction... and that moment is approaching fast.

Then the banks become obsolete.......😉

wiredlynx28 said:The Know Your Customer Questionnaire is mandatory.
I don't see them asking for anything they aren't legally entitled to. If people are complaining about privacy being invaded, they should specify exactly what they mean.
For any non-mandatory fields, there's an option to select "prefer not to say"—for instance, regarding dual citizenship.

Data collection and updates are conducted strictly under the Anti-Money Laundering and Counter-Terrorism Financing Act and its implementing regulations. This is done to facilitate deep client due diligence and meet all regulatory obligations. Furthermore, the Questionnaire details the specific purpose for collecting and processing this Data, including whether it is processed based on legal authority or via the consent provided by you or your representative upon signing this Questionnaire.

You can review your data or update and correct any inaccuracies in the Questionnaire at any time through online banking, in writing, or by visiting a branch in person.

The information in this Questionnaire is essential for the bank, or any third party for whom the bank is collecting data, to fulfill their legal and regulatory duties and to establish a business relationship with you. If you refuse to provide information required by this Questionnaire, or if you provide inaccurate mandatory information, the bank—or the entity for whom the bank is collecting data—may decline to establish a business relationship with you.

Give me a break—don't mess with us. 🤣........we have actual terrorists on this forum anyway, and besides, nobody here actually knows how to activate a bomb.😁

This isn't about stopping money laundering or terrorism—it's just a hungry government looking to manage everyone else's money............

The primary launders for criminals and terrorists are the banks themselves—from JPMorgan Chase to Deutsche Bank and beyond... they've paid billions in fines just to keep the practice going.

rowdypilot19 said:Then why on earth were they all acting so miserable when my brother was heading out? 🍿

Exactly—my friend transferred some decent cash $33 from her husband's account, so they called her up pretty damn quick to ask what was going on...

It’s ridiculous—the woman bought a little BTC, and suddenly this massive bank is acting all concerned about pennies... 😁

Honestly, banks are just living in the past—they haven't realized it yet—just mindless zombies... 😉

The moment I bring up financial and tax repression, a bunch of brainwashed idiots jump in to whine about how everything is perfectly fine...🤣

I received one of those questionnaires myself. I filled it out—but only with the data required by the government and the IRS. Any question regarding my private life was skipped entirely...

Just so the brainwashed crowd knows—I recently withdrew a significant amount of cash from an ATM (with prior notice), and the teller actually had the nerve to ask me why I was pulling that much from my account.

When I asked if I really had to provide a reason, she insisted I did. Fine—so I told her to just write down that I'm withdrawing it because I'm fully aware the global financial system is on the brink of collapse 😁...silence...she said there wasn't a field for that. So, I suggested she just select "Other"...

Next time, I might just tell her to check the box for "Gambling"—since that's an option they provide. 🎉

The global elites are following their playbook to the letter—while the working poor are left with nowhere to turn. If you don't want to play by their rules, you can always opt for unemployment. It's your choice...

It’s becoming obvious that bringing migrants and refugees into Germany isn't about what the German people actually need—it's about serving the interests of the ultra-wealthy and massive corporations. (Not exactly a secret, though the mainstream media does its best to bury it)

In the States, we have all these grand humanitarian initiatives—but you can't escape the hypocrites and idiots who refuse to see past their own noses.

Harold Martin10 said:Absolutely. If we had a more organized country—lower taxes, better business conditions, you name it—we’d actually see those low interest rates on our national debt.

Let's be real here: would anyone on this forum actually lend their savings to the government for less than 5% a year? Personally, I know I wouldn't—not after watching how every single government has handled things over the last 15 years.

I completely agree... I wouldn't lend a dime to Linic even if he offered me 10%... I simply have zero faith in his (or our) ability to pay back borrowed funds. It's a mystery to me how foreign investors still bother lending to him (or to Dalicka and Suker before him) 😁

There is one thing I've been hearing for ten years now—the banking establishment (the bankers) claiming we aren't heavily indebted because we owe $100 billion but hold assets worth $700 billion... any sensible person sees through that logic immediately.
The legal framework to essentially legalize the looting of those $700 billion is being drafted right now; there won't be much pushback once they finally roll out the new property tax.🙂🙂

Harold Martin10 said:Are you talking about public debt? Well, it belongs to whoever buys it—which ranges from millions of small-scale investors through bond funds and banks, all the way up to the massive institutional players.

Sure, Japan has a high level of external debt, but they stay on top of their payments quite consistently.

It’s easy to get spooked by those massive numbers, but generally speaking, a country's citizens' financial assets will outweigh its total external debt.

You could look at it like this: maybe 40% of people are savers, while the other 60% are either breaking even or living on credit. That 60%, plus the government, effectively owes money to the savers.

The only reason Japan can service its debt so smoothly is because interest rates are sitting at a mere 0.5-0.8%... if those rates jumped to 5%, they’d be bankrupt instantly—or rather, they’d have to hike sales tax from 5% to 30% just like we would😂... (since current interest costs already swallow nearly 50% of their budget due to those low rates)....

So, clearly, this 😍 debil isn't right when he claims interest rates on external debt don't matter... they matter immensely. They represent the thin line between servicing debt reliably and defaulting... and the difference between light taxation for the average working class (us taxpayers) and financial repression on an epic scale.

The Euro exchange rate? That’s easy—just your standard summer-to-fall fluctuations. What I actually find baffling is why Mr. debil is leaning so heavily into Dollar-denominated debt. We are part of the European Union, and the Federal Reserve isn't exactly playing games while we push toward full integration... yet here we are, looking at plans to take on at least $1.5 to $2.0 billion more in USD at interest rates between 6.5% and 6.75%.

It’s almost ironic—Mr. debil and his circle used to mock everyday people for taking out loans in Swiss Francs—even though most folks aren't currency experts (unlike our dear leader, apparently)—and now they're pulling the exact same stunt. It makes you wonder how the Federal Reserve is supposed to defend both the Euro and the Dollar against the local currency all at once.

I'll grab some popcorn and settle in for this show.🙂

rustywalker82 said:A lot of analysts out there completely miss the scientific reality that the CPI actually overestimates inflation rather than underestimating it.

The only reason they’re still clinging to that Laspeyes index for inflation calculations is purely political—it's about buying votes. Besides, using it conveniently masks the massive, fuzzy hikes in social spending as a percentage of GDP we've seen across the West over the last 50 years, statistically smoothing it down to "just" 150% over that entire stretch.

Forget about the rise in social spending... that isn't an inflation issue—that's an election cycle issue... it's about pre-election promises and the bureaucracy's desire to rule based on the support of those dependent on the budget... which, the larger that group becomes, the easier it is for the state to manage them like cattle.
As for proof, I can provide as much as you need.

Can you provide a link to those specific calculations that overestimate inflation?

And why have there been three separate changes to how the CPI is calculated in the US so far?

By the way, the inflation rate is being manipulated specifically because of how government expenditures are indexed—the lower the reported rate, the lower the subsequent payouts for things like Social Security and other adjustments.

lonehawk5 said:The TL;DR version for all you fundamentalists out there...
According to the CBO's baseline projections for the ten-year outlook, that budget deficit is supposed to plummet from the current 7% of GDP down to just 2.5% in only three years. We’re talking about the $1.15 trillion deficit from 2012 shrinking all the way down to a measly $433 billion by 2015. They're predicting nominal economic growth of 3.1%, 3.5%, and then hitting 5.9%. Apparently, tax revenue is going to skyrocket while spending stays under control. Plus, they claim interest on ten-year Treasuries won't top 3.5% by 2015. And since the Federal Reserve promised to keep things steady, interest on 90-day Treasuries shouldn't climb above 20 bps. Inflation will remain high and the interest component of the consolidated budget will go from $223 billion to a mere $273 billion.

If this actually happens, where the hell is gold gonna be?☕

If this actually happens, gold hits 1200...........but I have to admit, I've seen plenty of these "phenomenal" growth projections lately—almost as many as those overly bullish articles on gold.😂

rustyseal5 said:I’m not buying it. I’ll say it again: there is no inflation. Period. And because there's no inflation, there is absolutely no justification for gold prices to keep climbing.

Look at oil. It's sitting right where it was back in 2010. We're living in 2013 here. Historically, oil and food prices spike first and then crash, which is exactly what we've seen over the last four years.

That’s the only "inflation" the gold bugs are clinging to, but let me be blunt: it isn't real inflation.

As for the money printing? It’s not happening the way you think it is, so there is zero momentum for price growth today.

Furthermore, if you actually look at the price of gold compared to production costs and inflation, the current price is perfectly reasonable.

Anyone who thought gold would just keep ripping 20% higher every single year seriously screwed up. It won't happen. Gold had its glory days already. The real question isn't whether it will go up, but when we might see another run like the one we had from 2002 to 2011.

That is absolutely incorrect... inflation exists, and it is significantly higher than the 1.5–2.0% reported by government statisticians.

The key point to emphasize is this: while we see a drastic rise in the cost of food, energy, utilities, and government services...
on the other hand, we are seeing a decline in property values and all the assets held by average citizens (whose standard of living has plummeted). This, combined with the private sector's deleveraging process, actually dampens inflationary pressure—otherwise, inflation would be much more severe.

What we are experiencing right now is a combination of deflation (in what citizens own) and inflation (in what citizens need)... a situation known as stagflation.

As for money printing, the claim that it isn't happening is also false. You can see clearly right here how $80 billion was created out of thin air in a single day:
http://www.zerohedge.com/news/2013-0...goes-sequester

http://www.zerohedge.com/sites/defau...ease%20feb.jpg

rustyseal5 said:That’s business for speculators like Charles. I’m no speculator, so I won't pretend to be an expert on that.

Long-term? Gold is easily one of the smarter plays.

And honestly, I don't see the point in certain people here constantly pushing gold or making regular folks feel like it's some big deal. To most sensible people, gold is just a little something to hold onto for a bit of long-term growth.

The fact that a few guys here obsess over it says more about their cognitive abilities than anything else.

For five years straight, we've had these clowns predicting things and acting like they're geniuses every single day.

If you had asked them eighteen months ago whether it would be worth more today, we all know exactly what they would have said.

That tells you everything you need to know about their "expertise." Like someone else pointed out, they don't actually possess knowledge—they just have faith. When you lack actual data, all you've got left is blind belief. 😁

You don't have to speak as a speculator; you can speak as an investor... what do you consider to be the best asset to hold right now?.......
I assume you actually have an opinion.

Listen, rustyseal5... just ignore quiettrucker12. Tell us—what would be a smart move for an investment right now? Something with a horizon of maybe six months to a year.
I know this isn't strictly what this thread is about—but hey, it’s always good to hear a different perspective.

Alright, the floor is yours.

Melissa Sanchez17 said:So, let me break this down. We’re looking at central banks dumping gold when it was sitting between $275 and $400, only to turn around and start gobbling it back up once it hit the $1,400–$1,800 range. Now that it’s dipped down to $1,100, are they seriously gonna start selling it off again??? 😕

I don't see how it hits $1,160 unless they start selling... 😁

lonehawk5 said:One little thing... this level is just support... whatever that means. If it breaks through, it could easily hit 535... but if it actually clears that? I'm not brave enough 😁 to make any kind of call.

If it clears 1535 USD, it’s heading straight for 1160 USD... at which point I'll be turning my Philharmonic Hall memberships and Silver Eagles into floor tiles.🙂

What I find interesting is how everyone is obsessed with gold prices—not just here, but in all the major financial outlets—while they completely ignore the massive bubble BlackBerry inflated in its equity... currently, alongside bonds, that represents one of the largest bubbles in the entire market. 😉

http://www.minyanville.com/business-.../2013/id/48453

Patrick Moore3 said:I’m telling you, gold is hitting $7,500 easy. I know you believe that, and honestly, everyone else on this board does too. But here's the kicker—nobody actually knows when. Is it happening at the 1g level? The 5g? Maybe the 100g bars? We all know the price is headed north, but without a timeline, what good is our credibility?

I’ve been watching these analysts for a while now, and I can't shake the feeling that Sinclair just has the most incredible track record. Sure, he misses the mark on the exact timing all the time... but his excuse is always the same: those crooked bankers are manipulating the markets, but they won't be able to hold it much longer. He’s been preaching about a gold bull market since the 70s. Look, if you've been playing the markets for 40 years and you're constantly calling the same direction, eventually, you're gotta be right, right?

First off, I don't agree with the assumption that gold is a guaranteed $7,500.....🤣 Nothing is ever a guarantee.........

Second, I don't follow Sinclair to get specific timing for speculation... but you shouldn't dismiss someone who has been right for 12 years straight just because his critics—who have been wrong the whole time—think he might be wrong tomorrow.........

As for what you said regarding Sinclair constantly shouting that gold will hit $10,000... the critics have been shouting for 12 years that gold is a bubble. Either way, sooner or later, someone is going to be right. It’s just a matter of at what price level........they just need to stay persistent and stick to their forecast. 😂

PS: You're underselling him by claiming he's been consistently bullish since the '70s........from what I've seen, the man was actively selling in 1980-1981—he recently noted that the banks made their biggest profits on the gold parabola from '79 to '80.........the man isn't stupid, and if he had that intel... he certainly cashed out. After that, he turned bullish again in 2000 when gold was sitting around $250-$300.