Why are Republicans Wrong about Everything?


Discussion Topic

Return to Forum List
Post a Reply
Messages 44701 - 44720 of total 45428 in this topic << First  |  < Previous  |  Show All  |  Next >  |  Last >>

Trad climber
Jul 18, 2014 - 03:24pm PT
raymond phule


Jul 18, 2014 - 01:46pm PT
So sketch edited out all context in his idiotic posts.


I gave HDDJ sh#t about getting something wrong. It turns out I was the one who got it wrong.

The relevant statements are still up in your posts. I edited out my screwup. Derp seemed like an appropriate replacement.

Oh yeah. It's content.

Gym climber
Jul 18, 2014 - 04:42pm PT
So sketch edited out all context in his idiotic posts.

That must have been quite an editing task.

Trad climber
Jul 18, 2014 - 05:42pm PT
John stated
Sketch, Dave and I are saying essentially the same thing. The reason insurance paid by the employer effectively allows the employee to pay with pre-tax dollars is because it is not recognized as income to the employee.

Unless said employee income is of religious offense to said employer.

And "tremendous advantage" is a gross overstatement. As I've said your point is valid, but you continue to present it as "the major problem in healthcare finance" which is unequivocally false. IF you think a 20% tax discount on insurance is a "tremendous advantage" in affording a plan then you don't know how large the differences in policy costs are from person to person, especially pre-ACA. The ACA also does change it in that it provides significant subsidies for those who have a hard time affording insurance. The core issue here, however, is that health insurance should have nothing to do with your employer.

Trad climber
Jul 18, 2014 - 05:43pm PT
Sketch posted
Starting off with triple dose of ad homs

u mad?

So sketch edited out all context in his idiotic posts.

I see Sketch has joined the Skipt post editing party. It was just a matter of time.

Trad climber
Jul 18, 2014 - 05:48pm PT

I have a close friend on permanent disability. He votes reliably for the most extreme conservative in every election. Although he’s a Nevadan, he lives just across the border in California, because that progressive state provides better social safety nets for its disabled. He always votes for the person most likely to slash the program he depends on daily for his own survival. It’s like clinging to the end of a thin rope and voting for the rope-cutting razor party.


Former Congressman Allen West (R-Florida) thinks President Barack Obama "indirectly responsible" for Thursday's Malaysian Airlines plane crash in Ukraine, which U.S. officials say could have been caused by an anti-aircraft missile from pro-Russian separatists.

"The blood on Vladimir Putin’s hands was poured by Barack Obama, who is indirectly responsible, accountable .... and no different than Neville Chamberlain’s weakness in the face of the 20th Century maniacal dictator Adolf Hitler," West, who maintains a relatively large following among conservative activists, wrote in a new post on his blog Friday.

Alan West: Guy referenced on Supertopo as being a pretty stand up dude.

Trad climber
Bay Area
Jul 18, 2014 - 06:18pm PT
Unbelievable idiocy. Civilized nations must be aghast when we elect such morons to national office.

Sport climber
mammoth lakes ca
Jul 18, 2014 - 07:21pm PT
Only Sketch i mean skipt could find the time to edit so many idiotic posts...

Trad climber
Santa Cruz Mountains and Monterey Bay
Jul 19, 2014 - 10:43pm PT

Insider Trading and Financial Terrorism on Comex
Paul Craig Roberts and Dave Kranzler

July 16, 2014. The first two days this week gold was subjected to a series of computer HFT-driven “flash crashes” that were aimed at cooling off the big move higher gold has made since the beginning of June. During this move higher, the hedge funds, who typically “chase” the momentum of gold up or down, built up hefty long positions in gold futures over the last 6 weeks. In order to disrupt the upward momentum in the price of gold, the bullion banks short gold in the futures market by dumping large contracts that drive down the price and make money for the banks in the process.

As we explained in previous articles on this subject, the price of gold is not determined in markets where physical gold is bought and sold but in the paper futures market where contracts trade and speculators place bets on the price of gold. Most of the contracts traded on the Comex futures market are settled in cash. The value of the contracts used to short gold and drive down the price is well in excess of the actual amount of physical gold that is kept on the Comex and available for delivery. One might think that regulators would pay attention to a market in which the value of contracts outstanding exceeds by several multiples the amount of physical gold available for delivery.

The Comex gold futures market trades 23 hours per day on a global computer system called Globex and on the NYC trading floor from 8:20 a.m. EST to 1:30p.m. EST. The Comex floor trading session is the highest volume trading period during any 23 hour trading period because that is when most of the large U.S. financial institutions and other users of Comex futures (jewelry manufactures and gold mining companies) are open for business and therefore transact their Comex business during Comex floor hours in order to achieve the best trading execution at the lowest cost.

The big hedge funds primarily trade gold futures using computers and algorithm programs. When they buy, they set stop-loss orders which are used to protect their trading positions on the downside. A “stop-loss” order is an order to sell at a pre-specified price by a trader. A stop-loss order is automatically triggered and the position is sold when the market trades at the price which was pre-set with the stop-order.

The bullion banks who are members and directors of Comex have access to the computers used to clear Comex trades, which means they can see where the stop-loss orders are set. When they decide to short the market, they start selling Comex futures in large amounts to force the market low enough to trigger the stop-loss orders being used by the hedge fund computers. For instance, huge short-sell orders at 2:20 a.m. Monday morning triggered an avalanche of stop-loss selling, as shown in this graph of Monday’s (July 14) action.

In the graph above, the first circled red bar shows the flash crash that was engineered at 2:20 a.m. EST, a typically low-volume, quiet period for gold trading. 13.5 tonnes of short-sales were unloaded into the Comex computer trading system. The second circled red bar shows a second engineered flash-crash right before the Comex floor opened at 8:20 a.m. EST. This was triggered by sales of futures contracts representing 27.5 tonnes of gold. A third hit (not shown) occurred at 9:01 a.m. This time contracts representing 40 tonnes of gold hit the market.

The banks use the selling from the hedge funds to cover the short positions they’ve amassed and book trading profits as they cover their short positions at price levels that are below the prices at which their short positions were established. This is insider trading and unrestrained financial terrorism at its finest.

As shown on the graph below, on Tuesday, July 15, another flash-crash in gold was engineered in the middle of Janet Yellen’s very “dovish” Humphrey-Hawkins testimony. Contracts representing 45 tonnes of gold were sold in 3 minutes, which took gold down over $13 and below the key $1300 price level. There were no apparent news triggers or specific comments from Yellen that would have triggered a sudden sell-off in gold — just a massive dumping of gold futures contracts. No other related market (stocks, commodities) registered any unusual movement up or down when this occurred:


Between July 14 and July 15, contracts representing 126 tonnes of gold was sold in a 14-minute time window which took the price of gold down $43 dollars. No other market showed any unusual or extraordinary movement during this period.

To put contracts for 126 tonnes of gold into perspective, the Comex is currently reporting that 27 tonnes of actual physical gold are classified as being available for deliver should the buyers of futures contracts want delivery. But the buyers are the banks themselves who won’t be taking delivery.

One motive of the manipulation is to operate and control Comex trading in a manner that helps the Fed contain the price of gold, thereby preventing its rise from signaling to the markets that problems festering in the U.S. financial system are growing worse by the day. This is an act of financial terrorism supported by federal regulatory authorities. Another motive is to help support the relative trading level of the U.S. dollar, as we’ve described in previous articles on this topic. And, of course, the banks make money from the manipulation of the futures market.

The Commodity Futures Trading Commission, the branch of government which was established to oversee the Comex and enforce long-established trading regulations, has been presented with the evidence of manipulation several times. Its near-automatic response is to disregard the evidence and look the other way. The only explanation for this is that the Government is complicit in the price suppression and manipulation of gold and silver and welcomes the insider trading that helps to achieve this result. The conclusion is inescapable: if illegality benefits the machinations of the US government, the US government is all for illegality.

Dave Kranzler has years of experience in financial markets and spent 15 years on Wall Street. His site is www.investmentresearchdynamics.com

Dr. Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. Roberts' latest books are The Failure of Laissez Faire Capitalism and Economic Dissolution of the West and How America Was Lost.

Jul 19, 2014 - 10:51pm PT
Is there really an answer to this?

Wade Icey

Trad climber
Jul 20, 2014 - 12:00am PT
Answer is "Mu."

Gym climber
Jul 20, 2014 - 08:53am PT
Is there really an answer to this?

There are several answers, actually. But really just basically one: Money & Power.

Social climber
I'm Lolli.
Jul 20, 2014 - 11:34am PT
Civilized nations must be aghast when we elect such morons to national office.

Don't worry. We all have our morons. We have a totally incredible one. A proven stupid (unintelligent) violent nazi. Beat that.

Trad climber
Bay Area
Jul 20, 2014 - 12:43pm PT
you mean besides Kamprad, the founder of IKEA and one of the richest men in the world?
The only Nazi I can find was elected to a local council in 2010 at which time he was the only Nazi in elected office in Sweden.
Your point is taken. There are plenty of idiots and a few Nazis elected in democracies all around the world. The difference is Allen West has risen to national prominence including a VP possibility in 2008.
But then there's Palin who actually got it. Tough to decide who's the village idiot in that story, Palin or McCain.

Social climber
I'm Lolli.
Jul 20, 2014 - 12:57pm PT
He sits in the Riksdag. We have a party of facade-cleaned up nazis. But they goof too often, and reveal what they really stand for.
They mimick every step the nazi Germany did in the thirties.
Their major base is low-educated young men, many unemployed or with lowpaid jobs.

Ever heard that one before?

Trad climber
Jul 21, 2014 - 05:28am PT
Did something get deleted?

Trad climber
Greeley Hill
Jul 21, 2014 - 07:01am PT
Worth repeating about a hundred times:

"The people who most support the Republicans and the Tea Party carry a secret burden. Many know that they are one medical emergency or broken down car away from ruin, and they blame the government. They vote against their own interests, often hurting themselves in concrete ways, in a vain attempt to deal with their own, misguided shame about being poor. They believe 'freedom' is the answer, even though they live a form of wage indenture in a rigged system."

I was poor, but a GOP die-hard: How I finally left the politics of shame

Somewhere out there
Jul 21, 2014 - 09:32am PT

 Oh, those republicans.... if they only had a heart...

Which begs the question: If they have what is commonly referred to as 'heart', but never show it... can it be said that they've actually had anything? (I understand that there are terms in this statement that are very open for interpretation when considered from the personal or public point view. Or, when the "show" of compassion never materializes into anything of any substantive/meaning/real way... like mother teresa.. We all know she was compassionate, right?... at least, from what I've seen of her).

Wait... I'm dumb.. I've missed the point.... Republicans have no compassion and only live to troll the rest of us into wars and unnecessary punitive measures for everyone.

They say 'we want to protect' while tough loving us into the expensive and frivolous side of life.

Has anyone heard of this?

Holy sh#t Bill Nye is classic.... Sit down faux noos

Trad climber
Jul 22, 2014 - 07:52am PT
The court ruled against the government

In a potentially crippling blow to Obamacare, a federal appeals court panel declared Tuesday that government subsidies worth billions of dollars that helped 4.7 million people buy insurance on HealthCare.gov are illegal.

A judicial panel in a 2-1 ruling said such subsidies can be granted only to those people who bought insurance in an Obamacare exchange run by an individual state or the District of Columbia — not on the federally run exchange HealthCare.gov.

I'm guessing this is a temporary hurdle.

Big Wall climber
Jul 22, 2014 - 08:12am PT
Obama care is flawless!

STFU n00b!!!
Jul 22, 2014 - 08:25am PT

Credit: locker

Messages 44701 - 44720 of total 45428 in this topic << First  |  < Previous  |  Show All  |  Next >  |  Last >>
Return to Forum List
Post a Reply
Our Guidebooks
Check 'em out!
SuperTopo Guidebooks

Try a free sample topo!

SuperTopo on the Web

Review Categories
Recent Route Beta
Recent Gear Reviews