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Trump Slams “Fake News Story Of Secret Dinner With Putin” At G-20 – “Press Knew!”

zerohedge.com / by Tyler Durden / Jul 19, 2017 3:54 AM

President Trump has tweeted in on the latest “scoop” from the media about his “dealings” with Russian president Putin…

As we detailed earlier, it has been exactly one week since the latest Russia story involving Trump, or in this particular case his son, and with attentions once again starting to drift from the main news cycle narrative of the year, which was eclipsed today by the Senate republicans’ humiliating failure to replace or repeal Obamacare, on Tuesday afternoon a White House official said that Donald Trump and Vladimir Putin held a second, “previously undisclosed” (except to all the world leaders who were in the room at the time) meeting at the G-20.

According to Reuters, the White House confirmed that the meeting took place during the G-20 heads of state dinner, hours after Trump’s formal bilateral sit-down with Putin. In that conversation, Trump spoke with the Russian leader for roughly an hour, joined only by Putin’s translator. And while the meeting took place in the open in front of all other leaders, it had previously gone without mention by the White House.

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Gold, Silver, Cryptos, Crude, Stocks, All Rebound On Weak Dollar. By Gregory Mannarino

Gregory Mannarino, Published on Jul 19, 2017

BANA ALABED: A Lost Childhood and a Future Jeopardized by Ongoing Child Exploitation

21stcenturywire.com / Vanessa Beeley / JULY 19, 2017 

Protesting child exploitation should be something we all do automatically without reflection, child abuse should be something we all abhor. Regardless of our opinions, our prejudices, our understanding of any given situation – a child being misused, abused, taken advantage of, enslaved or manipulated, should be all our responsibility, without exception.

Bana Alabed is that child. Do any of the media pundits pushing this story have children? Would they subject their own children to this level of negative exposure and unscrupulous management? No? Why, then, should Bana undergo such a rigorous induction into the “art” of propaganda, to produce the narrative that serves agendas she has very little if any understanding of?

“If we are not honest about how we read things we will only deceive others and eventually ourselves. Not only is this video harmful to anyone watching it and witnessing this blatant exploitation of children’s lives but more importantly it is harmful to the children themselves where one is being taught how to put on a display and take people for a ride and the other is forced to put up with it when it is obvious all he wants is everyone to Fuck off. If any of those children were mine I would be furious.

Who ever is running this campaign, Please stop, it’s harming the children… ” ~ Rami Jarrah on Facebook

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Why People Love And Hate Trump

zerohedge.com / by Tyler Durden / Jul 19, 2017 2:15 AM

Washington Post/ABC News poll released Sunday put President Trump’s six-month approval rating at a historic 70-year low amid controversy over connections between the White House and Russia. Interestingly, as Statista’s Niall McCarthy notes, most of Trump’s detractors actually dislike him due to his personality and character, rather than specific issues and policy, according to a Gallup poll published late last week.

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Asian Metals Market Update: July-19-2017

news.goldseek.com / By: Chintan Karnani, Insignia Consultants / 19 July 2017 

The next two days are very crucial for all metals and energies. Gold, silver, copper and nickel are bullish but need to break key resistances for another wave of rise. If gold, silver, copper and nickel do not break key resistances then there can be a sell off. Zinc and lead are testing key short term support. Either zinc and lead hold those key supports or else there will be a sell off. Crude oil needs to break and trade over $49.00 this week to prevent short sellers from getting the upper hand. Natural gas is bullish but once again like bullion, they need to break key resistances for another wave of rise.

Central bank currency wars are not over yet. Tomorrow’s European central bank meeting will be relevant only with statement directing at altering the current strengthening trend of the euro.

Bitcoins – current price $2267.00

Trend is bullish. Bitcoin can rise to $2370 and $2646 as long as it trades over $2224. Sellers will be there below $2224 to $2044 and $1882.  Key support till Friday is at $2044.

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TSA Has New Surprises for You When You Fly: Airlines Continue to Abuse the Public

thecommonsenseshow.com / By Dave Hodges July 18th, 2017

The organization that gets to commit second degree sexual assault against the public WITHOUT, probable cause, has new policies coming online. Additionally, the airlines continue their thuggish behavior with their PHYSICAL ABUSE of the flying the public. What is coming and more importantly, what can we do?  These questions are answered in the the following video.

SOURCE

Tennis Legend Boris Becker Bankrupt, Burns €100MM Fortune With Help of “Nigerian Investments”

zerohedge.com / by Tyler Durden / Jul 19, 2017 1:38 PM

Boris Becker was a legend on the tennis court, unfortunatly when it comes to investing, he appears to have shared an advisor with Johnny Depp.

According to claims in the German media, Boris Becker may have lost his roughly €100 million fortune in part because of questionable investments in the Nigerian oil industry. Ever since the 49-year-old former tennis star was declared bankrupt in a London court last month, there has been rampant speculation over how he managed to squander a personal fortune estimated at roughly €100 million.

Now, according to Germany’s Spiegel, Becker’s business dealings went far deeper than celebrity endorsements and media appearances. The magazine claims he made investments in the Nigerian oil and gas industry, and at one point considered a single investment of more than $10m (£7.6m).

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Healthcare Plan Collapse Rekindles Doubts About Trump Economic Agenda

schiffgold.com / BY SCHIFFGOLD  / JULY 19, 2017

The dollar plunged after Republicans in Congress abandoned their plan to overhaul Obamacare this week.

The plan to “repeal and replace” the Affordable Care Act collapsed after Senators Mike Lee and Jerry Moran joined fellow Republicans Susan Collins and Rand Paul opposing it. In fact, “repeal and replace” was a misnomer. The Republican plan kept many key elements of Obamcare in place. It was more of a Republican revamp than any kind of repeal.

Nevertheless, pundits and analysts widely viewed the failure to get healthcare reform done a major stumble for Republicans, and it seems to cast doubt on the Pres. Trump’s ability to advance his ambitious economic agenda. Reuters put it this way:

Republican’s healthcare failure spelled uncertainty for Trump’s other top agenda items of tax reform and an infrastructure overhaul, leaving the president without any major legislative accomplishments six months into his tenure.”

The announcement of the breakdown in Congress rattled financial markets and sent the dollar to a 10-month low. Gold and silver both saw gains.

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The Fed Has Hit the ‘Pause’ Button

wallstreetexaminer.com / by James Rickards via The Daily Reckoning / 

“Last week the Fed raised the white flag on further rate hikes. There won’t be any for the foreseeable future.

No rate hikes are coming at the July, September or November Fed FOMC meetings. The earliest rate hike might be at the December 13, 2017 FOMC meeting, but even that has a less than 50% probability as of today. I’ll update those probabilities using my proprietary models in the weeks and months ahead.

The white flag of surrender came in two public comments by two of the only four FOMC members whose opinions really count. The four voting members of the FOMC worth listening to are Janet Yellen, Stan Fischer, Bill Dudley and Lael Brainard.

Yellen and Brainard made public remarks last week. Yellen’s testimony before Congress received the usual saturation coverage. Brainard’s remarks to an academic conference at Columbia University received far less coverage, but were perhaps far more important in terms of the impact of Fed policy on markets including gold.

These comments by the two FOMC members should be put in the context of my model forecast for Fed behavior. I expect the Fed to raise rates 0.25% at FOMC meetings every March, June, September and December from now until mid-2019 until the Fed’s policy rate reaches a “normalized” level of 3.25%.

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3 California Counties File Multi-Billion Dollar Lawsuits Against “Big Oil” Over Rising Sea Levels

zerohedge.com / by Tyler Durden / Jul 18, 2017

Just when you think you’ve seen it all, the snowflake capital of the world finds new, creative and amazing ways to shock your system.  In it’s latest attempt to do just that, three California counties, two in the Bay Area and one in Southern California, have filed a lawsuit against 37 of the world’s biggest oil and coal companies alleging they’re ultimately responsible for the public’s usage of fossil fuels and the greenhouse gas emissions they create which will ultimately contribute to rising sea levels and lay waste to their cities…at least that seems to be the ‘logic’ as far as we can tell.

According to The Chronicle, Marin County, San Mateo County and Imperial Beach (located in San Diego County) filed separate but nearly identical lawsuits in their respective Superior Court offices that seek to tie fossil fuel development to climate-related problems in coastal areas. Attorneys for the three counties worked together on their lawsuits and noted that their residents have already experienced more frequent flooding and beach erosion as well as the possibility that water will eventually inundate roads, airports, sewage treatment plants and other real estate.

Of course, we would love to know just how many polar bear-killing private flights these taxpayer-funded legal teams took back and forth between San Francisco and San Diego while drafting their highly practical lawsuit.

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Metals Are Setting Up A Strong Upside Move

news.goldseek.com / By Avi Gilburt / Wednesday, 19 July 2017

First published on Sat Jul 15 for members:  While I would love to suggest that we have begun the next larger degree rally already, the market has not provided me with strong indications that is going to be the case just yet.  While there are many indications that the market may have already bottomed, there are just as many indications that we may see the dreaded one more lower low before a lasting bottom may be seen.  But, I believe an investor should be preparing now for an impending rally which I believe will likely take hold over the coming weeks.

Now, whether we see that lower low or not, I want to highlight something of which you should definitely take notice, especially if you are bearish this complex.  Please take a look at the attached daily GDX chart.

If you review the MACD historgram on the bottom, I have highlighted each of the 3 declines since we struck the high of the year back in February of 2017.  Notice how each decline has taken place on weakening downside technicals.  This shows clear evidence of waning sellers, as the selling has almost been completely exhausted.

While we still can see one more drop to “fake-out” those who have their stops just under 20.89, I believe this chart provides strong evidence of us being on the cusp of a very strong rally.  In fact, if you review the bottoming histogram into late 2016, we saw the exact same evidence of waning selling, which led to the strong rally seen off the December low.

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Student loan tsunami on the horizon: Of $847 billion in Direct Loan program, only $535 billion is actually being paid back at the moment.

mybudget360.com / by mybudget360 / July 18, 2017

The amount of student debt continues to grow like a skyscraper reaching for the clouds.  There seems to be an unlimited amount of student debt that college students are willing to take.  As of today, there is $1.44 trillion in student debt outstanding.  But how much of this is being actively serviced?  After all, if you take out a mortgage or auto loan you start paying on it right off the bat.  You will be surprised at the small amount of student debt that is actually being paid back at the moment.  Young Americans that are already cash strapped are going to get even more budget tightening once they graduate and need to pay back the large amounts of loans they have taken on.

The student loan tidal wave

The amount of student debt outstanding is daunting.  We are already seeing very high levels of delinquencies on student debt.  Student debt has the highest delinquency rate of all debt sectors in our economy.  Like we mentioned before, with a mortgage or auto loan you start servicing the debt immediately.  With student debt it can be 4, 6, or even 10 years later when you make your first payment (assuming you go to med school or a Ph.D.).  Now some might say “well of course you pay after you study!”  And I would agree with that at some level but it also hides the repercussions of taking on too much debt and simply not earning enough to pay it back.  You hear countless stories of students taking on tens of thousands of dollars in debt and are working in low wage jobs.

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How To Solve The Healthcare Conundrum: “Make ‘Them’ Pay”

zerohedge.com / by Mark St.Cyr / Jul 18, 2017 

Over the last decade there’s been no other subject more debated and central to people’s lives, than the current healthcare debacle making its way through the economy. Since the inception of what is colloquially known as Obamacare, the entire complex that was once the envy of the world seems to now be circling around the edge of some giant sinkhole before it renders itself to the forces of gravity, and finally descends into the abyss, taking everything with it in some horrifying sucking sound.

If you try to garner any information on how to solve this current debacle (and people like to gloss over this very point) from any of the so-called “smart crowd.” All one gets are mumbo-jumbo filled constructs about why the issue is so difficult to fix and more. It’s moved beyond resembling any sense of intellectual type arguing. Now – it’s pure emotional screaming, crying, and incoherent mumblings making kindergarden look scholarly in comparison. It’s beyond pathetic. Yes – on both sides.

I don’t get into politics and I’ve always stated: “You should not know which side of the political aisle I stand on if I’m making my arguments correctly.” Today is no different, for this isn’t about politics per se – this is about business, especially small business, the life blood of America , its economy, as well as the nations main employer. And the current draconian measures being thrust upon them gets little to no attention via the main stream press is not only appalling – it’s damn near criminal.

Why? Because it’s killing not only them, but with them goes, as it destroys, the areas of the economy that most people get their first leg up into the economy. This is where people looking for decent work, or chances to prove themselves, or maybe try to put back together, or reinvent from a recently shattered past or life: rebuild, relaunch, or reinvent. Sometimes themselves- sometimes the business itself. All for the better.

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The PullBack Is Over (For Now): Cryptocurrencies Gain $28 Billion & Nearly A 50% Gain In The Last 48 Hours

dollarvigilante.com / by Jeff Berwick / July 18, 2017

So much for the cryptocurrency correction. Two days ago when bitcoin hit nearly $1,800 and the market capitalization of all cryptocurrencies nearly touched $60 billion, I wrote in my article entitled, “Coinpocalypse”, “I am now thinking it has dropped enough to start wading back in.”

And, it appears I nailed it almost down to the minute. As soon as that article went live, the cryptocurrencies began staging a comeback. And they continue to do so as we speak.

The total market capitalization of all cryptocurrencies increased from $60 billion to currently $88 billion for a nearly 50% gain in just the last 48 hours.

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WGC’s June Gold Investor: Gold in Digital World

sunshineprofits.com / ARKADIUSZ SIEROŃ / JULY 18, 2017

This month, the World Gold Council (WGC) released a new edition of Gold Investor. What can we learn from the report?

The summer issue of the WGC’s Gold Investor contains a few interesting articles. The first one which we would like to cover is an interview with John Reade, the new WGC’s Chief Market Strategist and Head of Research. He believes that aside from the gold-market specific positioning and flow data the most important factors in the gold market are the moves in the U.S. dollar, real interest rates and the market-derived probability of interest rate hikes by the Federal Reserve.

“This probability, and specifically changes to this probability, appear to be having the greatest impact on gold at the moment, even more than moves in the US dollar. I suppose this is logical, as the US is in the midst of a hiking cycle after years of essentially zero interest rates. Typically, the probability of an interest rate hike increases to virtually 100% some time before it is announced and that rapid increase in probability sees gold under pressure.”

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Visualizing “Things To Come” – A Timeline Of Future Technology

zerohedge.com / by Tyler Durden / Jul 19, 2017 3:25 AM

Making predictions about future technology is both fun and notoriously difficult.

However, as Visual Capitalist’s Jeff Desjardins explains, such predictions also serve a very practical purpose for investors and business leaders, since failing to adapt to changing industry paradigms can completely decimate a business venture, turning it into the next Blockbuster, Kodak, or Sears.

Today’s infographic from Futurism rounds up some of the most interesting predictions about the future, from trusted sources such as Scientific American and The National Academy of Sciences.

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Russia Unveils The Future Of Warfare, And It’s A “Fully Automated Combat Module” That Can Identify Targets On Its Own

shtfplan.com / Daniel Lang / July 18th, 2017

For decades the US military has been on the cutting edge of aerial warfare, especially when it comes to drones. Our military has thousands of UAVs which have become ubiquitous in every American war since 9/11. However, they’ve proven to be a mixed bag. They have certainly given our soldiers an edge on the battlefield, but they’ve also killed thousands of civilians, which in turn has motivated countless individuals to take up arms against us. Regardless, there’s no doubt that drones are here to stay, and will be a common sight on the battlefield well into the future.

But as our military continues to develop UAVs, our government’s rivals in Russia seem to have taken a different path when it comes to automated and remote control war machines. Their own military-industrial complex seems to have placed less emphasis on aerial drones, and more emphasis on land based drones. Last year a Russian company unveiled a remote control tank called the Uran-9, which at the time was expected to be sold on the international market.

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Flower Vendor’s Violent Arrest Proves We Live In A Police State

thedailysheeple.com / /

Because 52-year-old Juanita Mendez-Medrano decided to sell her flowers without a permit, the police decided violence was the solution. A widely circulated video of a police officer arresting a flower vendor in California is sparking outrage. The woman was violently arrested for selling flowers outside a graduation ceremony without first begging the government’s permission.

In a statement by the Riverside County Sheriff’s Department detailing the incident, officers “contacted, warned, and cited” other vendors at the event for not operating with a permit. When officers contacted Mendez-Medrano, the sheriff’s office claims that she resisted, and was then arrested.

She resisted the citation they tried to give her, claiming she can freely sell her goods without first asking permission from the state. That’s all. It seems like Mendez-Medrano just wanted to be free to sell her flowers without begging permission from her master. This is everything wrong the government and the police in one story and it isn’t like these cases are few and far between either. Freedom is gone in the United States, and you’ve buried your head deep in the sand if you feel otherwise.

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Creepy Canadian App Gives Citizens Points For Making Government-Approved Choices

zerohedge.com / by Tyler Durden / Jul 19, 2017 2:50 AM

Authored by Josie Wales via TheAntiMedia.org,

Ontario announced earlier this month that it will become the fourth Canadian government to fund a behavioral modification application that rewards users for making “good choices” in regards to health, finance, and the environment.

The Carrot Rewards smartphone app, which will receive $1.5 million from the Ontario government, credits users’ accounts with points toward the reward program of their choice in exchange for reaching step goals, taking quizzes and surveys, and engaging in government-approved messages.

The app, funded by the Canadian federal government and developed by Toronto-based company CARROT Insights in 2015, is sponsored by a number of companies offering reward points for their services as an incentive to “learn” how to improve wellness and budget finances. According to CARROT Insights, All offers are designed by sources you can trust like the BC Ministry of Health, Newfoundland and Labrador Government, the Heart and Stroke Foundation, the Canadian Diabetes Association, and YMCA.”  Users can choose to receive rewards for companies including SCENEAeroplanPetro-Canada, or More Rewards, a loyalty program that partners with other businesses.

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Immunity for Prosecutors Encourages Fraud

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mises.org / / July 19, 2017

Absolute Immunity for Prosecutors Creates the Classic “Lemons Problem”

Public officials argue that to be able to carry out their duties, laws must protect them from lawsuits by disgruntled individuals or those harmed by wrongful actions of government agents. The U.S. Supreme Court especially has protected prosecutors, granting them absolute immunity as long as they committed wrongful acts within the scope of their legal duties.

Advocates argue that unless prosecutors receive such drastic protection, those charged and sometimes convicted – guilty or not – will bury prosecutors under a blizzard of lawsuits for misconduct. Yet, as we see with the infamous Pottawattamie County vs. McGhee, one also can argue that prosecutorial immunity also create conditions for a legal version of a “Lemons Problem,” in which prosecutors are encouraged to present false information as being true and jurors and the public can be fooled.

In 1977, police and prosecutors in Council Bluffs, Iowa, desperately wanted to solve the murder of a former police officer there. The district attorney, David Richter, faced an election the next year, and he wanted to keep his job.

Despite having good evidence that led to the trail of the potential killer, Richter and police charged two black teenagers, Terry Harrington and Curtis McGhee, who lived in neighboring Nebraska, and tried them for murder. What followed was a nightmare for the two young men, one of whom was the captain of his high school football team. Richter, his assistant, Joseph Hrvol, and the police zeroed in on the two young men, even to the point of ignoring evidence that would have taken them elsewhere.

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Housing Starts and Permits Rise First Time in Four Months: Analyzing the 2nd Quarter GDP Effect

mishtalk.com / Mike “Mish” Shedlock / July 19, 2017 8:44:07

Housing starts and permits both rose in June for the first time in four months according to the Census Bureau’s  New Residential Construction Report.

Starts rose 8.3%, with single family units up 6.%. Permits rose 7.4%, with single family permits up 4.1%.

The quarter ends on a positive note but the overall pace is lower than in the first quarter.

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North Korea’s Fuel Prices Soar After China Suspends Exports

zerohedge.com / by Tyler Durden / Jul 19, 2017 1:40 AM

Authored by Tsvetana Paraskova via OilPrice.com,

Diesel and gasoline prices in North Korea have jumped since China National Petroleum Corp (CNPC) halted sales of fuel to Pyongyang, Reuters reported on Monday, citing data on prices collected by North Korean defectors.

At the end of last month, reports emerged that CNPC, the main supplier of diesel and gasoline to North Korea, has suspended fuel sales to North Korea because it is worried that it may not receive payments.

North Korea imports all the oil and oil products it consumes – mostly from China – and a prolonged suspension by CNPC would choke out supplies at a time when the international community is increasing pressure on North Korea to stop its nuclear and missile ambitions, and is intensifying checks over Chinese business relations with Pyongyang.

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The Real Russian Collusion

InvestmentWatch

investmentwatchblog.com / by · Published

by Robert Carbery

While most of the media are melting down over Donald Trump Jr.’s meeting with a Kremlin-linked lawyer who claimed to have dirt on Hillary Clinton, many are ignoring the real collusion with Russia that occurred during the campaign. The truth has of course been muddied by the leftist mainstream media, happy to report only on stories damaging to the president as opposed to reporting the facts and letting the public determine the implications.

Paul Roderick Gregory wrote in Forbes earlier this summer that, according to an insider account, the Clinton team put together the Russia Gate narrative just 24 hours within her shocking defeat. The account went into great detail about how the “Russian hacking” caused her epic loss to the Donald. It called Trump a puppet of Putin and that narrative detached from reality has been parroted by many major news sites since last November.

This dossier was prepared by a London opposition research firm, Orbis, and was paid for by unidentified Democrat donors which formed a key part of the Clinton narrative. According to Gregory: “Trump’s sexual and business escapades in Russia had made him a hostage of the Kremlin, ready to do its bidding. That was Hillary’s way to say that Trump is really not President of the United States—a siren call adopted by the Democratic party and media.” Not my president, right? We’ve all loved hearing that crock of crap so far.

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Chipotle ($CMG): Boom Goes The Dynamite

investmentresearchdynamics.com / Dave Kranzler / July 18, 2017

I stopped eating at Chipotle the second I heard about the e-coli thing. Used to grab dinner there at least once a week. Have not been back. Along the way I’ve avoided the credit card hack to their payment system that surface a few months ago. Now it looks like there’s another viral outbreak at Chipotle of some sort: Virginia Chipotle Closed.

I presented the idea of shorting CMG in the Short Seller’s Journal in the May 7th issue:

This was my rationale:

“I personally used to eat at Chipotle once a week before the e-coli problem. I have not been back since then. This is probably not he last we’ll hear of issues like at CMG.  After the most recent unjustified bounce in the stock up to $475, CMG still sells at a 147 p/e. This is an insane p/e. With restaurant revenues declining across the industry, extremely overvalued stocks like CMG are vulnerable to big cliff-dives. You can see in the graph above that the stock appears to rolling again for another trip below its moving averages and under $400, at least. This is confirmed by the RSI and MACD indicators.

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As Farmers Go Broke, John Deere Ramps Up It’s Captive Financing Operation To Keep The Ag Party Going

zerohedge.com / by Tyler Durden / Jul 19, 2017 1:05 AM

So what do you do when your John Deere and your entire business revolves around selling really expensive equipment to farmers who have been absolutely decimated financially by low crop prices and can no longer convince commercial banks that they’re worthy of additional debt needed to buy fancy new tractors?  Well, you take some plays from the automotive industry, that’s what.  Here’s how it works:

Step 1:  Setup a captive financing arm to underwrite all of the credit risk that no reasonable commercial ag bank would touch with a 10 foot pole.

Step 2:  Boost your tractor sales volumes by financing every farmer who walks through your door with a soybean dream and pulse.

Step 3:  When you run out of farmers willing to buy your brand new shiny green tractors then just start selling all your production volume to yourself and then lease it to customers at an attractive price.  This way you can still show sales growth and never have to cut production volume.

Step 4:  Finally, when it all goes horribly wrong because used tractor prices crash due to the flood of off-lease volume and brings down the new market with it then you take a one-time charge to write-off the losses, wall streets forgives you...it was just a 1x charge, right…and then you promptly rinse and repeat.

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