The Machine

Maybe. Things could hardly get worse according to history… WHEN has a market bottomed? When is the right time to get in after a spectacular crash? asks Steve Sjuggerud in his Daily Wealth. The short answer is that no one really knows. Calling bottoms is hard. And doing it consistently is nearly impossible. Just because something is down a lot doesn't mean it's set to rise today. But major crashes often do lead to massive gains in the future. I think this is exactly what's happening in the mining sector right now. Mining stocks have crashed 64% in the past 18 months. We've only seen declines that extreme three other times since 1974. And each of those led to massive returns. Let me explain. As I said, mining stocks are down 64% in just 18 months. That's according to Datastream's World Mining Index, which includes big names like Rio Tinto, BHP Billiton, Glencore, Anglo American, and Vale. Mining stocks have only crashed to a similar degree three other times over an 18-month period. The last occurrence was in 2009. Take a look... Each arrow in the chart above represents a similar decline over an 18-month period. But none is as extreme as the 64% decline we have today. This doesn't mean a rally has to start right now. But these kinds of crashes set the stage for massive returns. The table below highlights the returns after each past occurrence shown in the chart above. History shows that big gains are likely after extreme crashes. The average three-month return was 24%. And 77% gains were the average after one year. We'd be foolish to ignore this trend. I've been buying mining stocks for my personal account. (I'm using trailing stops to protect my downside.) There's no way of knowing if this is the exact bottom. But after a decline like this, the risk/reward opportunity looks good to me. If you're able to take a bit of risk today, consider buying mining stocks. The mining sector has absolutely crashed. And history says triple-digit returns are likely over the next couple of years. That's enough to have me interested.

2016 global gold mining production likely to fall with capex down 30%... GOLD MINING output worldwide likely set a new all-time record for the 7th year running in 2015, according to industry-leading analysts, but 2016 will now see a drop. Global gold mining output rose 1.6% in the first 9 months of last year according to Thomson Reuters GFMS in its third quarter report, putting 2015 on track for a total of 3,155 tonnes on the specialist analysts' new full-year forecast. That would make 2015 the seventh new annual record in a row. Rising barely 0.7% from 2014 however, the predicted 2015 total would mark the slowest expansion since the drop of 2008, contrasting sharply with the 2.5% compound annual average of the previous 10 years. "Falling grades and production levels, a lack of new discoveries, and extended project development timelines are bullish for the medium and long-term gold price outlook," says Ross Strachan, a manager in the specialist precious metals research division of Thomson Reuters GFMS, speaking to the Financial Times. Several gold-mining executives also expect global output to fall this year, thanks to their falling investment in exploration and development as the metal's market price has dropped 40% from the 2011 peak. US-based consultancy SNL Metals & Mining in a recent report estimates that across the entire mining sector, not just gold, total capital expenditure stood 30% lower in 2015 from the peak of 2012. "However, if the previous bear market [in base and precious metals prices] is any guide, the mining sector faces two more years of falling expenditure," SNL goes on, "with capex expected to decline a further 12% by the end of 2017." The third quarter of 2015 alone saw what SNL calls "a collapse in initial resources" suggested by new drilling results, with gold discoveries falling by two-thirds from the previous 3-month period despite a rise in total metals exploration across the industry. But while lower gold prices deterred new investment, counter specialist analysts Metals Focus, "The weakening of many producers' currencies relative to the Dollar [in 2015], alongside lower oil prices, is helping reduce mine site input costs, such as power, fuel and labour." That led in late 2015 to growth in output from many major gold mining producers, exploiting the greater profit margin created by lower local costs. Gold mining shares listed in weaker-currency producer countries have meantime risen sharply already in 2016, with South Africa's gold sector jumping 26% in Rand terms during the first two weeks of the year as the currency sank to new all-time lows against the US Dollar.

If you’re not watching it purely for the entertainment value, sitting through a State of the Union speech ranks somewhere between a colonoscopy and a root canal. Every year I opt for the former (entertainment value, not colonoscopy). But because I live overseas, one of the added entertainment benefits is that I’m surrounded by foreigners who are seeing this highly ritualistic propaganda for the first time. The absurdity starts almost immediately. The Sergeant-at-Arms introduces the President of the United States, and he receives a massive, five minute standing ovation as he walks across the water to the podium. The applause finally dies down briefly, until, immediately after, the Speaker of the House formally introduces the President. And then the applause begins anew. Try explaining that to a foreigner who’s never seen it before. Foreigner: “Why is everyone clapping again for the President as if they weren’t just clapping for him 30 seconds ago?” Me: “Because that’s just the way they do it.” Foreigner: “But why?” Me: “… ummm… because they’re all trained monkeys?” But it is at this point that the real propaganda begins, where the President of the United States tells his fellow Americans that they are prosperous and free. He cited, for example, the 14 million jobs created since he took office. Of course he failed to mention the more than $8 trillion in debt (77% increase) that has been accumulated since he was inaugurated seven years ago. If the President truly wants to take credit as the job creator-in-chief, the basic math works out to be nearly $600,000 in government debt for every single job created. Zerohedge showed yesterday, in fact, that while debt in the US has increased 77% over the last seven years, GDP has only increased by 13%. Now, you’d think that for each additional dollar the US government was spending and indebting future generations, there would be at least $1 in GDP growth. Ideally you’d get more than $1 in GDP growth. Duh. Businesses have to do this every single day. If I borrow $10 million to buy and develop agricultural farmland, obviously the net effect once I’m finished should result in a property that’s worth MORE than $10 million. But that’s not how it works when governments spend money. It took them $3.71 of debt to buy just $1 of GDP growth. Yes, the overall result may show that the economy is technically bigger than it was in 2009. But this ratio is completely screwed up, and it is not indicative of “the strongest, most durable economy in the world.” In the meantime, there have never been more pages of laws, rules, and regulations ever in the history of the United States than there are today,January 13, 2016. Just this morning, in fact, the federal government published another 369 pages of regulations. Tomorrow there will be even more. Should you find yourself out of compliance with any of them, the government can summarily deprive you of your freedom, your property, and even your family. And it can do so administratively, without a fair and speedy trial in front of an impartial judge and a jury of your peers. This is not what freedom and prosperity are all about. President Obama is undeniably upbeat about America. And he’s right, there are a lot of amazing people doing great things in the US. The United States is a wonderful country. It’s clean. Modern. Reasonably safe. Standard of living is very high. But decades of insane regulation, government debt, and astonishingly destructive monetary policy have resulted in a society where it is now easier to consume than produce. Prosperity is not complicated. People figured out thousands of years ago that if you wanted to do well, you had to produce more than you consumed. But the American system is the exact opposite, favoring those who recklessly borrow and spend, rather than those who work hard and responsibly save. The President of the United States boldly accused everyone who doesn’t share his view as just making things up. In his words, “Anyone claiming that America’s economy is in decline is peddling fiction.” This is an extraordinary (and delusional) statement. The government’s own numbers show that they are completely insolvent, to the tune of nearly $18 trillion. The annual reports for the Social Security trust funds show that they are rapidly running out of money. The Federal Reserve’s own balance sheet shows that it is precariously undercapitalized, with net capital less than 1% of total assets. The Census Bureau’s data shows that the earnings for middle class Americans are stagnating. The Labor Department’s numbers show that the number of Americans who have dropped out of the work force hasn’t been at this level since the Carter administration. USDA figures show that the number of food stamp recipients is near an all-time high, simultaneously when the number of homeless children in America is at a record high. And all of this, at a time when trust in government is near an all-time low. These are all facts, not fiction. The only fiction is pretending that this story has a happy ending.

Adam Sandler obviously lol

EMERGENCY Message From Anonymous A BIG EVENT IS COMING jan, 2016

I haven't had an email from Adam since 23rd of december

Agreed, I don't think Trump ever does anything unless he's gonna win I've often wondered myself what a government would look like if it was run like a company ....... I hope he wins and nails half if not more of the failed, weak and useless government officials to the wall. If Trump wins they will all run for the hills, their crap wont fly with him. Interesting times ahead, this could be a defining moment in US and World history.

15grams of gold = $535.35 720,000 IQD = $658 that is quite a spread on the coins wouldn't it be amazing if they revalued at the rate these coins elude to ..... 100dinar coin (worth $535.35) = $5.3535 rate per dinar

1. Have a firm handshake. 2. Look people in the eye. 3. Sing in the shower. 4. Own a great stereo system. 5. If in a fight, hit first and hit hard. 6. Keep secrets. 7. Never give up on anybody. Miracles happen everyday. 8. Always accept an outstretched hand. 9. Be brave. Even if you're not, pretend to be. No one can tell the difference. 10. Whistle. 11. Avoid sarcastic remarks. 12. Choose your life's mate carefully. From this one decision will come 90 per cent of all your happiness or misery. 13. Make it a habit to do nice things for people who will never find out. 14. Lend only those books you never care to see again. 15. Never deprive someone of hope; it might be all that they have. 16. When playing games with children, let them win. 17. Give people a second chance, but not a third. 18. Be romantic. 19. Become the most positive and enthusiastic person you know. 20. Loosen up. Relax. Except for rare life-and-death matters, nothing is as important as it first seems. 21. Don't allow the phone to interrupt important moments. It's there for our convenience, not the caller's. 22. Be a good loser. 23. Be a good winner. 24. Think twice before burdening a friend with a secret. 25. When someone hugs you, let them be the first to let go. 26. Be modest. A lot was accomplished before you were born. 27. Keep it simple. 28. Beware of the person who has nothing to lose. 29. Don't burn bridges. You'll be surprised how many times you have to cross the same river. 30. Live your life so that your epitaph could read, No Regrets 31. Be bold and courageous. When you look back on life, you'll regret the things you didn't do more than the ones you did. 32. Never waste an opportunity to tell someone you love them. 33. Remember no one makes it alone. Have a grateful heart and be quick to acknowledge those who helped you. 34. Take charge of your attitude. Don't let someone else choose it for you. 35. Visit friends and relatives when they are in hospital; you need only stay a few minutes. 36. Begin each day with some of your favourite music. 37. Once in a while, take the scenic route. 38. Send a lot of Valentine cards. Sign them, 'Someone who thinks you're terrific.' 39. Answer the phone with enthusiasm and energy in your voice. 40. Keep a note pad and pencil on your bed-side table. Million-dollar ideas sometimes strike at 3 a.m. 41. Show respect for everyone who works for a living, regardless of how trivial their job. 42. Send your loved ones flowers. Think of a reason later. 43. Make someone's day by paying the toll for the person in the car behind you. 44. Become someone's hero. 45. Marry only for love. 46. Count your blessings. 47. Compliment the meal when you're a guest in someone's home. 48. Wave at the children on a school bus. 49. Remember that 80 per cent of the success in any job is based on your ability to deal with people. 50. Don't expect life to be fair

I thought the same too but thinking about it the difference between self defense and murder in the context of this situation depends on the timeline. If it was almost immediate and part of the initial triple shooting leading to a brawl where the father was shot then it could be viewed as self defense but if after the triple shooting he fought for the gun from his father but then didnt shoot him in that struggle but minutes later after the struggle the law could deem that as murder, or a separate act of violence. the worst he could probably be charged with would be "Voluntary Manslaughter" from the details in the article above, but as with everything there is probably a lot of information missing from the article.

What s breakdown ...... couldn't agree more DM

hate to say but it sounds like your "friend" is never gonna see that dinar again. why are people so eager to had over dinar on a promise of an unrealistic dollar value ........ every year more and more stories come to light like this ....... I just hope you have yours close.

Ted Nugent just brought to light one important detail that I guarantee none of these Islamic terrorists have even considered. In the Islamic religion, pork and pork products are forbidden because the pig is considered an impure animal. In a Facebook post Ted writes… Chimps & pigs, a match made in hell. ES&D voodooallahpukes. Percy the pig makes for an extremely interesting read. I never knew pigs were in most products!! Every Muslim who has ever handled TNT, Nitro, Bullets, High Explosive Bombs, Rocket Launchers or been treated for cuts injury requiring stitches, or taken antibiotics, or Vitamin Capsules, has been contaminated with Pig Products. The ironical part is that when a Suicide Bomber blows himself up his body parts are impregnated with Gelatine and Glycerine from the explosive. Both Gelatine and Glycerine are manufactured from Pigs worldwide.. Ergo, they will never be accepted by Allah. Some makers of cigarettes use haemoglobin from pig’s blood in their filters. Apparently this element works as a sort of ‘artificial lung’ in the cigarette so, they claim, ‘harmful reactions take place before the chemicals reach the user’, (enter the Pig.) Pig bone gelatine is used to help transport gunpowder or cordite into the bullet. Insulin, the blood-thinning drug heparin and pig heart valves all vital. The complex workings of the global food and processing industry have ensured that it is impossible to avoid pig altogether. There is no legal obligation for manufacturers to specify whether the gelatine they use is from a pig or another animal. When it is specified, it is often confusingly referred to as Suilline gelatine. So to all prospective Suicide Bombers, ISIS and innocent, good Muslims, I say, “Have a Nice Day” from “Percy” the wonderful Pig. Looks like these Muslim terrorists are in for a rude awakening when they reach the afterlife! Thanks for the good news Ted!!

it's quite common in rural areas of germany to see vending machines just off the roadside, especially cigarette manchines.

looks like they will have enough for that extension lol, I sure hope the ice doesnt grow too much or some will start falling off onto the flying turtles head he he he. more ice year after year, just another nail in the coffin for global warming

From the looks of things lately everyone except Russia have been supporting IS operations ....... what a world we live in.

"This is my country The land that begat me, These windy spaces Are surely my own. And those who here toil In the sweat of their faces Are flesh of my flesh And bone of my bone." This is Scotland !

Yeah youre right, bad google search gave me 520, even the numbers I got earlier on Europe were wrong..... hmmm bad google. cheers. actually that original post is a bit unrealistic ..... from looking into the numbers europe is almost 1 million square kilometers bigger than the US (310,000 sq miles), so how on earth is that picture showing texas alone almost covering most of mainland Europe ???

I never said it was a country, Teaxs isnt a country either lol..... he he he. It's funny how texas is almost the size of Europe, yet only 16million people live there. Europe is home to just over 200million more people than the US (Europe 742m / US 530m) ........ yet people in the US say there isnt enough space ?? I would love to live somewhere with that much free space. I was reading an article the other day about the UK and how people complain about the amount of available space for development, apparently the UK with a population of 64million has only developed (built roads, houses, airports etc) on 7% of the available land space, the rest is farm land, woodland, parks etc. yet the government holds back on further development, probably the reason for the extortionate property prices here, just did a quick search for data on the US ..... wow only 3% developed land in the US. anyway I've gone way off topic here lol.

texas is big alright .......... but not many people understand just how big Africa is

yep, the best thing I ever heard about the american dream was........ you have to be asleep to see it. which is so true these days, when I was younger I often thought of moving to the US, that dream evaporated. next year is the 100 year anniversary of the Irish revolution .............. I really hope there is another one, tensions have been building for a long time now, the government is totally corrupt and the thing about Ireland is the population is massively educated now (everyone has a university degree if not more), socially connected and still completely fu*king mental (which I love), I would love to move home but I really cant stand the political situation in Ireland right now. not that the UK is any better by the way, just different. here's to one of the greatest republicans in Irish History, who by the way was a socialist and a Marxist ....... but had libertarian views on a new Ireland ,He was killed by firing squad (thanks to the Queen) on the 16th March 1916. here's to James

It could happen in my opinion, countries spend a lot of money on more frivolous things than their own currency reforms another way I look a it is not in current terms ........ think about this, for a few decades now and probably well into the future our wealth has been flowing from west to east. the US and Europe are headed into a massive recession if not depression very soon .......... so if the dinar is released from its dollar peg which would happen if the dollar tanked the dinar could be a reserve of your economic wealth. think if the dollar went into hyper inflation ......... $1 could equal 1 dinar easily. now think how many dinar you have compared to how many dollars you have.