2020 Collapse

Discussion in 'Markets & Economies' started by TreasureHunter, Dec 8, 2019.

  1. heartastack

    heartastack Well-Known Member Silver Stacker

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    Lcuky the devil just takes my hands away after whisky


    Well said!
     
  2. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    It seems that shiney does a lot of his posting on here after a 'few beers' too many (explains a lot of his nonsensical drivel on here ) .

    Point taken about getting involved with shitstirrers ( some is bound to splatter on to you ) time to move on I recon;)
     
  3. madaw1

    madaw1 Well-Known Member

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    It used to be-the same as Australia (pardon Victoria state)-unfortunately not any more...
     
  4. Golden Stash

    Golden Stash Well-Known Member Silver Stacker

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    The orange Buffon claims fraud but has offered nothing to demonstrate or show this.
    He thinks he is bigger than democracy itself and does not have the grace to let the states count, the courts judge and the facts decide who wins.
    He has lied throughout his term, why stop now??
     
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  5. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    You might want to do some research. Project Veritas is a good starting place.
     
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  6. Jason1

    Jason1 Well-Known Member

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    its just a promotional stunt and also a type of bet,
    they offer this early payout thing as a promotion, you will often see it advertised on their ads on tv. it backfires but they dont care, they still win and make money from the other guys who were declared losers early.
    when you bet on a promotion like that Your pretty much betting on whos winning or losing at 3/4 of the way into the game.
    It makes good headlines for the media who ignore the part about it being an early payout bet.

    then
    some online bookies, (Big ones) do the early payout and as a stunt, in that case if the outcome changes they pay both the early payout and the actual winner.
    what they lose is made up by the promotion it has created and the new customers they get from it on future bets.

    So its a promotional stunt, and these guys know exactly what their doing when they do these early payouts. give some one a free win from time to time and they will come back and lose more money later. plus the media attention long term likely far exceeds the loses.
     
    Last edited: Nov 5, 2020
  7. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Pretty much spot on.

    People forget that bookies also take positions themselves. They could have hedged off pretty cheaply, balanced their book and limited the cost of their promotion PLUS the early payout frees up customers funds to keep betting. The last thing the bookies want is customers with funds tied up indefinitely - they want clients feeling like winners and betting (losing) again as soon as possible.
     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    It’s now Thursday, the vote was on Tuesday, and they haven’t finished counting? Maybe they should just scrap the election or redo it again for the states with close votes.

    Come to think about it, our system is better, compulsory voting for everyone, this way, there is no dispute.
     
  9. TreasureHunter

    TreasureHunter Well-Known Member

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    Gold shooting up sharply right now - it's an unusual sharp increase, following the recent downwards zig-zag stage... about to "go back up"?

    This is happening now (LIVE!) in these moments. Prolly because of the elections?

    [​IMG]
     
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  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Looks like it's breaking out, just ordered the 2021.
     
  11. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Gold isn't the only thing shooting up right now every asset class is doing the same, stocks, cryptos and even silver is up sharply as well.

    The market has flipped to anticipating more QE as the only option for free money in the short to medium term, this will be very bullish for gold.

    The democrats have not done too well in the senate and the house, so there wont be as much free money coming from them as was expected.

    In other words Biden will be a limp dick president in more ways than one.
     
    Last edited: Nov 5, 2020
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  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Is the senate vote over? I saw it's like even matched and even closer than the president vote. Don't know how it works.

    But if the senate is really controlled by the republicans, it will mean no free ice-cream, no basic income.. So, after all the trouble, the BLM and Antifa got nothing?

    I'm not so confident of silver, but gold looks like a sure bet to me now.
     
  13. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Don't know if the senate vote is over @sgbuyer, as I dont follow politics that closely, but I have read that the democrats have greatly disappointing
    results in the senate and the house, so as you say not as many freebies coming to those that were expecting them.

    Yes gold is a pretty safe bet to do well in this type of environment and I am quite confident that silver will do well also, glad I added another 20 kilo
    of silver to the stack recently as I think it will be a winner also.
     
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  14. TreasureHunter

    TreasureHunter Well-Known Member

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    "THE 2021" what?
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I've only added a token 2 kilos since March. A bit hesitant on a bigger buy as the astrologer I’m following says Nov to Feb is another danger period. If silver drops to $19 or lower I’ll add more but not at this price. There are cheaper bargains to be found.

    Ok, did more read up. Apparently, a republican controlled senate would mean that the blm, or so called "left" can't get any of freebies or basic income they hope to get. They won't be able to crackdown on big tech, so this means washington post bezos may well become a trillionaire. The elites will get even richer from more QE and taxes will still remain low. Without Trump in the way, they will be able to start moving all the factories out and get even wealthier.

    Well done Yankees!
     
    Last edited: Nov 5, 2020
  16. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Well done Yankee vote counters! (to be more precise sg)

    Why did Biden get so many more votes than his fellow Democratic party senators in the crucial swing states?

    Something does not smell quite right there.




    All the 2021 issues gold coins that that @sgbuyer could find for sale in Singapore @TreasureHunter
    he's too modest to admit it publicly.;)

    2021 is going to be a year to remember in more ways than one.
     
  17. Millennial Engineer

    Millennial Engineer Well-Known Member

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    Yeah i was surprised to see Dow up up 2% last night. For easier currency with Biden President, democrat house and republican senate.

    Silver, Gold Bitcoin rise , I could attribute to uncertainty
     
  18. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    The outcome of the election is largely irrelevant when it comes to the transfer of wealth. Asset prices would've risen and wages would have stagnated whether Trump won or Biden won. It happens under every President, whether Democrat or Republican. It's no different in Australia either.
     
  19. precious roar

    precious roar Active Member

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    There you go talking sense, again, shiney. You know that's not how we operate.
     
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  20. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Bloody hell! was shiney on here and talking sense for a change ? ( I can't tell as he is on my ignore list )

    Maybe he posted too quickly, before the effects of those few beers that he has already drowned clouded his judgement.:p
     

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