The Bigger the Lie
Let’s look for a minute at the very brief retraction statement which the LBMA released on 10 May admitting to the 3300 tonne ‘error’. To recap:
“
A data submission error led to the publication of an incorrect aggregate figure for the total silver held in London vaults in March. The corrected figure is 1,143,194 Troy ounces (‘000s).
So it was ‘
a data submission error’. The question then is, a data error submitted by who? There are only 6 vault operators in the LBMA London vault network. These are JP Morgan, HSBC, Brinks, Malca Amit, ICBC Standard, and Loomis. Why does the LBMA not clarify which vault submitter submitted the claimed erroneous data? The LBMA runs a ‘Vault Managers Working Group‘ so should be intimately acquainted with the 6 heads of vault management at the respective vaults.
fear of deflayed. deflation and get the trade deal done with china and you have a beautiful economy. maria: the spread between the 2 year turned negative again. the dow will be an issue for earnings later in the year? yes, but you reported on the lows and target. record stocks. now the consumer is key in the economy. my one worry, you and i worry about that capital spending by businesses. i want to see that number higher. that s what drives the economy. maria: that doesn t include money going into technology. steve, see you soon. steve moore. join me tomorrow 6 to 9 a.m. eastern i will talk to the former vice-president nominee joe lieberman as the president continues his feud with members
almost doubled during the obama years. the democrats won the house. elections have a consequence. they love to spend. so the american people expect us to make the best of an imperfect situation. shannon: speaking of spending, the president has talked about that 120 field of democrats and all the new programs they talked about that they helped introduce. he said this. social socialism is not as easy to beat as you think. your record stocks in 401(k)s and all the things and everybody doing well and somebody comes along and since were going to give you free everything, everything s going to be free. shannon: how do folks run against it? margaret thatcher said the problem with socialism, pretty soon you run out of other people s money. talking about free health care free college tuition. the green new deal would take away your job.
the debt is too large, almost doubled during the obama years but democrats won the house. elections have consequences. they like to spend so the american people expect us to make the best of an imperfect situation. the president talked about the 2020 field, the democrats in the new programs they talked about. socialism is not as easy to beat as you would think. when you are wealthy and doing record stocks and you have 401(k)s and all the things you have an everybody is doing well and somebody comes along and says we will give you free everything, everything is going to be free. shannon: county run against that? margaret thatcher said the problem with socialism is you run out of other people s money, talking about free healthcare, free college tuition, the green