Looks like stock market rally was just a dead cat bounce.

Contact 'OwlWoman', maybe she can hook you up with one of her Off Shore Accounts? (Uh ... PM her, but DON'T say you know 'Jack' ... mmmmm, in fact, tell her you think 'Jack' is an asshole. That should clinch it)



H B Lowrie said:
Take care Jack, I'll miss ya, just dropped:

Hey Stool, could you please run your snowflakey little white supremacist punkbitch ass to the mods and tell them H B Lowrie is another Fentoine Lum account and get me banned permanently? Thanks in advance. Your flinging of “faggot” all over the place all day long is so much different than my “offense” which his ultimately that I refuse to agree with you lot. Buy the way, you still yearn for prepubescent little boys like a priest. All my best to Reich wing regurgitative twits TOP and Grumpy, whiney little no discussion bitches one and all that require the safe space of a “conversational” circle jerk. Cheers.

Be safe out there.
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Jack said:
Well, I hope you are right. I've got a load of Gold/Gold Miners that have just sat there for 10 years not doing shit. 'Dead Money'. (You know what they say: "If you don't Sell, it's not a Loss") :(
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Gold and silver have been awful since 2011. I got heavily into the sector in 2005 and felt pretty good a few years later when the financial crisis occurred. But then bush and obama bailed everybody out!!!! I never saw that coming. The big banks should have been allowed to fail. Doing so would NOT have caused an economic collapse like we were told. But obama simply gave the banks trillions of dollars without demanding they be split up!!
 
Text Drivers are Killers said:
Gold and silver have been awful since 2011. I got heavily into the sector in 2005 and felt pretty good a few years later when the financial crisis occurred. But then bush and obama bailed everybody out!!!! I never saw that coming. The big banks should have been allowed to fail. Doing so would NOT have caused an economic collapse like we were told. But obama simply gave the banks trillions of dollars without demanding they be split up!!
Click to expand...

Before you attempt to re-write History:

"U.S. government economic bailout of 2008[edit]
Paulson, acting as U.S. Treasury Secretary, caused outcries from both the Republican and Democratic Parties as well as the general populace as he tried to get the situation under control.

Through unprecedented intervention by the U.S. Treasury, Paulson led government efforts which he said were aimed at avoiding a severe economic slowdown. After the Dow Jones dropped 30% and turmoil ensued in the global markets, Paulson pushed through legislation authorizing the Treasury to use $700 billion to stabilize the financial system. Working with Federal Reserve Chairman Ben Bernanke, he influenced the decision to create a credit facility (bridge loan and warrants) of US$85 billion to American International Group so it would avoid filing bankruptcy, after having been told that AIG held teacher pension plans, 401k plans, $1.5 trillion in life insurance plans for Americans, and the French Finance Minister called to let Paulson know that AIG held the interests of many Eurozone countries.

On September 19, 2008, Paulson called for the U.S. government to use hundreds of billions of Treasury dollars to help financial firms clean up nonperforming mortgages threatening the liquidity of those firms.[36] Because of his leadership and public appearances on this issue, the press labeled these measures the "Paulson financial rescue plan" or simply the Paulson Plan.[37]

With the passage of H.R. 1424, Paulson became the manager of the United States Emergency Economic Stabilization fund.

As Treasury Secretary, he also sat on the newly established Financial Stability Oversight Board that oversaw the Troubled Assets Relief Program.

Paulson agreed with Bernanke that the only way to unlock the frozen capital markets was to provide direct injections into financial institutions so investors would have confidence in these institutions. The government would take a non-voting share position, with 5% dividends for the first year on the money lent to the banks and 9% thereafter until the banks stabilized and could repay the government loans. According to the book Too Big To Fail, Paulson, Bernanke, New York Federal Reserve Chairman Timothy Geithner, and FDIC Chairman Sheila Bair attended the meeting on October 13, 2008, at which this plan was presented to the CEOs of nine major banks."
https://en.wikipedia.org/wiki/Henry_Paulson

"Paulson was nominated on May 30, 2006, by U.S. President George W. Bush to succeed John Snow as the Treasury Secretary.[16] On June 28, 2006, he was confirmed by the United States Senate to serve in the position.[17] Paulson was sworn in at a ceremony held at the Treasury Department on the morning of July 10, 2006."

Other than you trying to politicalize this, yeah, I agree, Gold and the Miners have been a real drag.
 
Jack said:
Before you attempt to re-write History:

"U.S. government economic bailout of 2008[edit]
Paulson, acting as U.S. Treasury Secretary, caused outcries from both the Republican and Democratic Parties as well as the general populace as he tried to get the situation under control.

Through unprecedented intervention by the U.S. Treasury, Paulson led government efforts which he said were aimed at avoiding a severe economic slowdown. After the Dow Jones dropped 30% and turmoil ensued in the global markets, Paulson pushed through legislation authorizing the Treasury to use $700 billion to stabilize the financial system. Working with Federal Reserve Chairman Ben Bernanke, he influenced the decision to create a credit facility (bridge loan and warrants) of US$85 billion to American International Group so it would avoid filing bankruptcy, after having been told that AIG held teacher pension plans, 401k plans, $1.5 trillion in life insurance plans for Americans, and the French Finance Minister called to let Paulson know that AIG held the interests of many Eurozone countries.

On September 19, 2008, Paulson called for the U.S. government to use hundreds of billions of Treasury dollars to help financial firms clean up nonperforming mortgages threatening the liquidity of those firms.[36] Because of his leadership and public appearances on this issue, the press labeled these measures the "Paulson financial rescue plan" or simply the Paulson Plan.[37]

With the passage of H.R. 1424, Paulson became the manager of the United States Emergency Economic Stabilization fund.

As Treasury Secretary, he also sat on the newly established Financial Stability Oversight Board that oversaw the Troubled Assets Relief Program.

Paulson agreed with Bernanke that the only way to unlock the frozen capital markets was to provide direct injections into financial institutions so investors would have confidence in these institutions. The government would take a non-voting share position, with 5% dividends for the first year on the money lent to the banks and 9% thereafter until the banks stabilized and could repay the government loans. According to the book Too Big To Fail, Paulson, Bernanke, New York Federal Reserve Chairman Timothy Geithner, and FDIC Chairman Sheila Bair attended the meeting on October 13, 2008, at which this plan was presented to the CEOs of nine major banks."
https://en.wikipedia.org/wiki/Henry_Paulson

"Paulson was nominated on May 30, 2006, by U.S. President George W. Bush to succeed John Snow as the Treasury Secretary.[16] On June 28, 2006, he was confirmed by the United States Senate to serve in the position.[17] Paulson was sworn in at a ceremony held at the Treasury Department on the morning of July 10, 2006."

Other than you trying to politicalize this, yeah, I agree, Gold and the Miners have been a real drag.
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Paulson?? HAHAHA. He was a banker and did everything he could to save the banks. You can't believe anything he says you fool.

As i said earlier, if the big banks really were "too big to fail" then as a condition of the bailouts the banks would have been split up so the same mess wouldn't happen again. But the giant banks were NEVER SPLIT UP OR EVEN REDUCED. We should have let the banks fail. THINK
 
The wealthy are paying for their greed. The elite will only allow the people to choose two systems - neoliberalism, and fascism. They cravenly chose fascism rather than giving power to the people to establish a workers republic. Now they are paying for it. The false market of the past two years, based on nothing, and accompanied by no real economic growth, is now meeting reality. Trump's endless trade wars and other drags on the economy, are coming home to roost. The rich will pay for their evil.
 
Text Drivers are Killers said:
Paulson?? HAHAHA. He was a banker and did everything he could to save the banks. You can't believe anything he says you fool.

As i said earlier, if the big banks really were "too big to fail" then as a condition of the bailouts the banks would have been split up so the same mess wouldn't happen again. But the giant banks were NEVER SPLIT UP OR EVEN REDUCED. We should have let the banks fail. THINK
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You apparently have no idea who the Donor Class is, or why Congress represents them and supports their Agenda.
 
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