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Stock Market Crash! (merged) Pt. 19

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 19

Unread postby StarvingLion » Tue 16 Feb 2021, 22:40:55

The Oil stocks are SOARING because Oil production is COLLAPSING.

Cryptos are SOARING because the US $ is COLLAPSING.

Gold is COLLAPSING because the Cryptos are SOARING.

The Capitol is BURNING because this ShitShow is FAILING.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby StarvingLion » Tue 16 Feb 2021, 23:25:23

Gee, oil production will continue to drop until July...thats exactly when the moratorium on...well you know very well oil production won't increase because the currency is worthless. Got Bitcoin for the Banana Republic?

Biden extends foreclosure moratorium, mortgage forbearance ...
https://www.nbcnews.com/politics/white- ... ratorium...
President Joe Biden is extending the foreclosure moratorium and mortgage forbearance through the end of June as part of his efforts to address the economic impact of the coronavirus pandemic.

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Good to hear from you Ron.

In ShaleProfile published today, the Permian is showing a slight bump up in production. It may have hit bottom. The latest STEO is showing US production dropping till June and July before beginning to increase. Looks like many more LTO wells have to be put on line before the decline from all of the current wells can be offset.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby StarvingLion » Wed 17 Feb 2021, 00:00:14

Oh noes, the CRIMS are about to get """"""serious"""""" on cryptos. Terrists are using it, the same ones forcing you to wear a mask.

https://www.marketwatch.com/articles/as ... quote_news

"Bitcoin’s climb above $50,000 for the first time on Tuesday marks a psychological milestone for investors—but it could trigger extra regulatory scrutiny."

"Cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism"
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby StarvingLion » Wed 17 Feb 2021, 00:11:55

Willem H. Buiter is a prodigy. Bitcoin can be anything. Or it can be nothing. Thats why he's an esteemed Professor of Nothing or Anything.

"This will not change with time. Bitcoin will continue to be an asset without intrinsic value whose market value can be anything or nothing. Only those with healthy risk appetites and a robust capacity to absorb losses should consider investing in it."

Willem H. Buiter is a visiting professor of international and public affairs at Columbia University.

Bitcoiners are safe. ShitShow won't collapse until 2023.

Image
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby StarvingLion » Wed 17 Feb 2021, 03:51:54

Look at the cryptos...

GOING NUTZ.

Bitcoin at 51,000, up 5%.

Meanwhile, back at the ranch, gold and silver going nowhere fast. Silver has done nothing for the past 6 months while Bitcoin has gone up 186% in 3 months.

But they're gonna crack down on the cryptos, Armageddon said so. Sure they will. After another 500% gain. Oil is going vertical. But the moron at the New York Stock Exchange said the mawkit is NOT a casino. He's right.... in a casino, the morons lose all their money. But not the cryptos. Its a sure thing, apparently. Even Nikkei has almost managed to recover from the 1990 collapse.

But if I go to the local bank and...

1. Give me money to "invest" in the vertical line called Bitcoin
2. No, that is gambling and you could lose our USD money
3. But the reason Bitcoin is a vertical line is because your USD money is worthless.
4. Oh.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby StarvingLion » Wed 17 Feb 2021, 04:28:35

Its OBVIOUS that Gold and Silver are on the brink of...

TOTAL COLLAPSE

Peter Schiff and Eric Sprott will be transported to a mental hospital by their angry investors never to be heard from again.

The CRIMS could print 500 Trillion Clown Bux and Gold would still go down.

What will the JOKE Economists say about this crypto FARCE? The economist profession is DEAD along with physicist.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby StarvingLion » Wed 17 Feb 2021, 06:01:20

Bitcoin up 7%
Silver down 1%

Soon Bitcoin will be up 50% every day. Then there will be Bitcoin2, then Bitcoin3, then Bitcoin4.

And welfare checks of $600, $1400, $5000, $25000, $100000

And Gold and Silver goes straight to 0. And Armageddon is taken to the funny farm to meet up with Peter Schiff and Eric Sprott.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby Newfie » Wed 17 Feb 2021, 09:35:18

Starving,

It might be a good time to chill a bit.

A thread kind of looses its meaning when you become the only one posting.

Let others have some room here please.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby OutcastPhilosopher » Wed 17 Feb 2021, 09:40:37

StarvingLion wrote:Bitcoin up 7%
Silver down 1%

Soon Bitcoin will be up 50% every day. Then there will be Bitcoin2, then Bitcoin3, then Bitcoin4.

And welfare checks of $600, $1400, $5000, $25000, $100000

And Gold and Silver goes straight to 0. And Armageddon is taken to the funny farm to meet up with Peter Schiff and Eric Sprott.



Dude, check the premiums on gold and silver right now. I see the Gold spot price at $ 1,786 and a Gold Eagle will cost you $1,943.....$200 dollar premiums.

Silver at $27.31 a silver eagle will cost you $39.30.....$12 premiums.

The price of what you buy isn't really going down because of the dealers. I remember just a few years ago buying gold and silver there were much more reasonable premiums.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby Armageddon » Wed 17 Feb 2021, 11:09:36

OutcastPhilosopher wrote:
StarvingLion wrote:Bitcoin up 7%
Silver down 1%

Soon Bitcoin will be up 50% every day. Then there will be Bitcoin2, then Bitcoin3, then Bitcoin4.

And welfare checks of $600, $1400, $5000, $25000, $100000

And Gold and Silver goes straight to 0. And Armageddon is taken to the funny farm to meet up with Peter Schiff and Eric Sprott.



Dude, check the premiums on gold and silver right now. I see the Gold spot price at $ 1,786 and a Gold Eagle will cost you $1,943.....$200 dollar premiums.

Silver at $27.31 a silver eagle will cost you $39.30.....$12 premiums.

The price of what you buy isn't really going down because of the dealers. I remember just a few years ago buying gold and silver there were much more reasonable premiums.




That’s if you can even find silver. Historic amounts are being bought right now.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby Outcast_Searcher » Wed 17 Feb 2021, 12:21:42

Armageddon wrote:That’s if you can even find silver. Historic amounts are being sold right now.

There's a temporary shortage of silver coins because of pandemic related hoarding.

Gold and silver aren't looking too great lately, down again today I see.

Panic buying while there are HUGE premiums on bullion looks like the usual sucker's play.

Especially with the pandemic getting better and no serious inflation in sight, much less hyperinflation the usual always-wrong crowd likes to constantly claim is in our face.

Plus a lot of speculators are not betting BTC is the new gold and are buying that instead of PM's these days, which could well continue.

Silver futures were trading at roughly $17 or so for well over 5 years before the pandemic took off and fear set in. But people want to buy silver from dealers now for roughly DOUBLE that, even as the threat winds down, and the real world inflation outlook is muted, as it has been for well over a decade now.

What could possibly go wrong, following the usual clown patrol whose projections are wrong wrong wrong over any meaningful length of time, decade after decade? Of course, they have coins to sell or dead horses to flog, so there's that. :roll:
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby OutcastPhilosopher » Wed 17 Feb 2021, 12:36:38

Outcast_Searcher wrote:
Armageddon wrote:That’s if you can even find silver. Historic amounts are being sold right now.

There's a temporary shortage of silver coins because of pandemic related hoarding.

Gold and silver aren't looking too great lately, down again today I see.

Panic buying while there are HUGE premiums on bullion looks like the usual sucker's play.

Especially with the pandemic getting better and no serious inflation in sight, much less hyperinflation the usual always-wrong crowd likes to constantly claim is in our face.

Plus a lot of speculators are not betting BTC is the new gold and are buying that instead of PM's these days, which could well continue.

Silver futures were trading at roughly $17 or so for well over 5 years before the pandemic took off and fear set in. But people want to buy silver from dealers now for roughly DOUBLE that, even as the threat winds down, and the real world inflation outlook is muted, as it has been for well over a decade now.

What could possibly go wrong, following the usual clown patrol whose projections are wrong wrong wrong over any meaningful length of time, decade after decade? Of course, they have coins to sell or dead horses to flog, so there's that. :roll:



Hey retard.....12 people have gone deaf and 5 have gone blind in the UK after taking the Pfzer vaccine.

https://thecovidblog.com/2021/02/16/uni ... rna-shots/

Karen Samuels former TV host in Detroit dead 24 hours after vaccine.

https://thecovidblog.com/2021/02/16/kar ... mrna-shot/

WHEN ARE YOU GOING TO GET YOUR VACCINE?
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby Armageddon » Wed 17 Feb 2021, 12:48:23

Outcast_Searcher wrote:
Armageddon wrote:That’s if you can even find silver. Historic amounts are being sold right now.

There's a temporary shortage of silver coins because of pandemic related hoarding.

Gold and silver aren't looking too great lately, down again today I see.

Panic buying while there are HUGE premiums on bullion looks like the usual sucker's play.

Especially with the pandemic getting better and no serious inflation in sight, much less hyperinflation the usual always-wrong crowd likes to constantly claim is in our face.

Plus a lot of speculators are not betting BTC is the new gold and are buying that instead of PM's these days, which could well continue.

Silver futures were trading at roughly $17 or so for well over 5 years before the pandemic took off and fear set in. But people want to buy silver from dealers now for roughly DOUBLE that, even as the threat winds down, and the real world inflation outlook is muted, as it has been for well over a decade now.

What could possibly go wrong, following the usual clown patrol whose projections are wrong wrong wrong over any meaningful length of time, decade after decade? Of course, they have coins to sell or dead horses to flog, so there's that. :roll:




Sit back and keep watching. Physical silver has gone from $14 to $38-40 since I bought late 2008.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby StarvingLion » Wed 17 Feb 2021, 13:24:37

Look at this POS called EHang Holdings Limited (EH). Yesterday it was down 70%. Today its up 42%.

Moron at the New York Stock Exchange: "The mawkits are not a casino"
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby OutcastPhilosopher » Wed 17 Feb 2021, 14:15:01

Bitcoin flew over 50,000 last night. Someone is pumping this while the Western Nations are asleep.

MY guess is it is China who is trying to breach psychological barriers in the lead up to hyperinflation.

Either they let this thing keep pumping along with Oil, commodities, etc.

If Oil goes too high, its all over. Gas prices will breach affordability.

Or they have a few dumps and try to extend the System for a bit longer.

This is looking really bad.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby Armageddon » Wed 17 Feb 2021, 14:21:57

Lumber prices are surging. Real inflation is really kicking in. Things are escalating quickly. Not sure how much longer this charade can keep going.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby OutcastPhilosopher » Wed 17 Feb 2021, 14:28:56

Armageddon wrote:Lumber prices are surging. Real inflation is really kicking in. Things are escalating quickly. Not sure how much longer this charade can keep going.



If prices are allowed to keep climbing for the next 3 days.....then I think that is a good indicator of massive inflation coming in.

Watch what the FED does to the 10yr....the 10yr is rising quickly. If it goes up like it did in Feb/Mar 2020 then we will start having a massive stock market crash just like then.

If that happens the FED will have to embark on even more massive stimulus to keep propping this shit up or trying to.

I would also watch Oil prices....if they moon....everything hyperinflates and consumers won't be able to buy anything including gas/diesel.

I don't think there is much time left at all.

TPTB have a few decisions to make and none of them are going to be good.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby Pops » Wed 17 Feb 2021, 15:22:12

Armageddon wrote:Lumber prices are surging. Real inflation is really kicking in. Things are escalating quickly. Not sure how much longer this charade can keep going.

Really true, bought some 1x6 clear pine, twice what it cost a year ago, $25 for a 8' board!

We've talked for years about the fragility of JIT, frankly it is holding up better than I thought.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby StarvingLion » Wed 17 Feb 2021, 15:47:34

Bitcoin at 53,000...HAHAHAHAHAHAHAHA.

While gold and silver go nowhere but down.

https://www.marketwatch.com/story/fed-o ... latestnews

Fed officials agreed medium-term prospects for the economy had improved: minutes

Federal Reserve officials in January were more optimistic about the long-term health of the economy, minutes of their meeting released Wednesday show.

The voting members of the Fed’s interest-rate committee agreed that expected progress on vaccinations and the change in the outlook for fiscal policy had improved the longer-run prospects for the economy so much that officials “decided that the reference in previous post-meeting statements to risks to the economic outlook over the medium term was no longer warranted,” according to the minutes.

Economists don’t think the Fed’s thinking on policy has changed much this year.

Fed Chairman Jerome Powell stressed at his post-meeting press conference last month and in a speech last week that the central bank is not “in any rush” to change its easy monetary policy, said Kevin Cummins, chief U.S. economist at NatWest

The Fed has cut its policy rate close to zero. In addition, the central bank has committed to buying at least $120 billion per month of Treasurys and mortgage-backed securities until it sees “substantial progress” in reaching its twin goals of maximum employment and price stability.

Ur all TOAST.
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Re: Stock Market Crash! (merged) Pt. 19

Unread postby StarvingLion » Wed 17 Feb 2021, 15:54:09

OutcastPhilosopher wrote:
Armageddon wrote:Lumber prices are surging. Real inflation is really kicking in. Things are escalating quickly. Not sure how much longer this charade can keep going.



If prices are allowed to keep climbing for the next 3 days.....then I think that is a good indicator of massive inflation coming in.

Watch what the FED does to the 10yr....the 10yr is rising quickly. If it goes up like it did in Feb/Mar 2020 then we will start having a massive stock market crash just like then.

If that happens the FED will have to embark on even more massive stimulus to keep propping this shit up or trying to.

I would also watch Oil prices....if they moon....everything hyperinflates and consumers won't be able to buy anything including gas/diesel.

I don't think there is much time left at all.

TPTB have a few decisions to make and none of them are going to be good.


"What do you want us to do, let the whole thing COLLAPSE?"

They're fucked. Renewable JUNK already caused hyperinflation.
Last edited by StarvingLion on Wed 17 Feb 2021, 17:15:50, edited 1 time in total.
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