Weekend Show – Sat 20 Aug, 2011

The connection between politics and investing, and we profile a number of publicly traded resource companies

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In this show Al discusses:

  • Segment 1 – From Idaho’s Silver Valley, David Bond discusses the recent actions of Venezuela vis a vis gold and comments on potential nationalization of the mining industry in the United States.
  • Segment 2 – Continuing a trend we started last week we garner opinions for younger folks regarding politics and investing. Carter Smith comments.
  • Segment 3 – Roger Wiegand continues the discussion began in the previous segment.
  • Segment 4 – Al and Marshall Berol discuss why it is so important to understand the connection between investments and politics.
  • Segment 5 – Rick Van Nieuwenhuyse, CEO of Novagold, discusses his company.
  • Segment 6 – Buddy Doyle, President of Amarillo Gold, provides an update for listeners.
  • Segment 7 – Craig Lindsay, President of Otis Gold Corp., summarizes activities of the company.
  • Segment 8 – Jeff Pontius, President of Corvus Gold, and Al discuss Al’s upcoming trip to view the assets of both Corvus Gold and International Tower Hill Mines in Alaska.



Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

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Featuring:
Al KorelinDavid BondCarter SmithRoger WiegandMarshall BerolRick van Nieuwenhuyse
Buddy DoyleCraig LindsayJeff Pontius
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Comments:
  1. On August 20, 2011 at 3:46 am,
    Giuseppe Valente says:

    Good Morning Al,
    We could however end up like Japan and go nowhere for 20 years and counting. We already have for 10 years.
    But Desperate times calls for desperate measures. You said Obama is bright ya bright screwing over the Amerian private workers. He is a fool, an idiot and a high paid prostitute in bed with the public workers and their unions who by the way out number the responsable private workers. Put the three ingredients together and you have a recipe for a ticking time bomb. Will it go off? I do not know. The government has a way of testing the waters so do not be surprised if you hear rumors. The unions will be wispering in Obama ear; Nationalize, Nationalize. Remember one of the biggest obsticules are public workers and their unions and they will not let go of their benefits. Let me quote:
    “There is a way that seemeth right unto man, but the end thereof are the ways of death.” Proverbs 14:12 In this case you can apply it to the USA.
    On ya and lets not forget this more popular quote: “..they be blind leaders of the blind. And if the blind lead the blind, both shall fall into the ditch.” Mathew 15:14
    And people say the Bible is out dated and not relevant for today. This book is ahead of todays technology if only people would educate themselves they would be shocked.
    God Bless we will be needing hie blessings more than ever soon
    Joseph

    • On August 20, 2011 at 4:55 pm,
      al korelin says:

      Hi Joseph,

      In my opinion the Bible is definitely not outated.

      It’s too bad we all don’t live by the teachings in our respective bibles.

      Big Al from Alaska

  2. On August 20, 2011 at 6:05 am,
    James B from Canada says:

    I am from Canada and I believe that Obama is on a mission to bring an end to America’s domination; both moral and financial. He is supported by foreign entities ( arab muslims) and George Soros. ALL that he has done has been to the detriment to the USA and the West.

    If you want to believe that Obamacare, this 2,000 page monster was only about health insurance, then I concede. but all the rest, will be to the detriment to the USA and the West.

    For this he will be rewarded a position in Dubai or a University, after he leaves politics. Hopefully in Nov 2012.

    But Obama is part of the problem. The problem in the US, Canada, Israel and the West is:

    POLITICIANS – espesh the ones left of center.

    I believe that it begins with Nancy Pelosi, VP Biden, Canadian Jack Layton, and go further left to Robert Reich, Paul Krugman, Canadian Pierre Trudeau and ultimately to the ovens in Aushwitz.

    Big govt machine, needs conformity and your money and property to keep going. Were not making the babies as before and cannot keep borrowing from China, Japan, Liechtenstein, Russia. that will ruin the future of our grand kid aand their grand kids. I know how that ends: the scene from DrZhivago when Omar Sharif returns to his family home – go to youtube.

    While I am no fan of GBush Sr., James Baker III, Pat Buchanan, I fell more at home listening to Mark Rubio, Bachman, Palin, Cantor and Allen West.

    Interesting – not one white male in that group. That group used to embrace the Democrats. I am neutral on Rick Perry ( just another Bush in my opinion; making inroads to islam for votes ).

    Politics – the issue is multiculturalism. If you must appeal to so many different groups of people, a man for all seasons, you become a man of NO seasons. And this is the problem. Very divisive. Who speaks for America and Canada?

    Middle East – only democracy and country which shares the same thoughts and Western type problems with the USA is Israel. Cut the contributions but Israel is an ally. The other”countries”? source of oil, so the West needs them to be stable. If they want to cut off tongues and hands and heads and hang homosexuals, its their business. Not our interest to make babies to then grow up, join the army, risk death to re-direct or change Islam. Just ban them from the West.

    God Bless the USA

    • On August 20, 2011 at 12:15 pm,
      Giuseppe Valente says:

      Hi James,

      What you say is complicated and probably true. But things are simple When you want to solve a crime the old Saying is:”Follow the Money”. Where is the money going to besides big Bansters, it is the Public empoyees, salaries and Pensions. The state public pension level are in debt over $3 TRILLION and hope for a Hail Mary by betting Equities will return them 8% year. Again it is simple; it is in the numbers Public Employees now out number private employees What do you think will happen at the baillet boxes. Even if the republicans come in? Things will not change it is in the numbers.
      Sorry to say but even a revolution will be hard to win becasue the numbers are against the revolutionsts. Add to that the bansters and coorporation and the uninformed and boy the people with common sense go not have a chance in Hell. Oh ha I forgot the Media.
      You heard the expression:” Money is the root of all evil.” Well that is not quit the whole verse It goes like this” The LOVE of Money is the root of all Evil.” !st Timothy 6:10
      And they say the Bibile is outdated

      • On August 20, 2011 at 2:49 pm,
        James B from Canada says:

        Giuseppe – you are sooo right about the public employees’ pensions. We have the same problem here in Canada. I do not see how those pensions will be paid given the way things are here. We are already awash in debt at the federal and provincial and corporate and county and personal level up here.

        Govts need the people to pay capital gains taxes when they sell their gold and silver. But that is a short term relief of a serious financial problem.

        All the debt problems in California, Greece, Vermont, Illinois, Quebec, France all similar: socialism and big govt is not feasable in the long term. Inflation can do a lot re: real estate from 1961 – 2011 but bad times are here to stay.

        City Bank – falls to $5, does a reverse split to $50, and is now at $26.

        I’m long SLV,GLD, ABX,GG, precious metals funds and cash and that is it.

        • On August 20, 2011 at 3:24 pm,
          Giuseppe Valente says:

          HI JAMES,
          BYE THE WAY I AM CANADIAN FROM ITALIAN IMMIGRANTS IN MONTREAL QUEBEC

        • On August 20, 2011 at 3:31 pm,
          Giuseppe Valente says:

          I AM VERY HEAVILY INVESTED IN THE PERCIOUS METALS MINERS ONLY HOPEFULLY THE MINERS WILL START THEIR UPTREND. THEY SEEM TO BE DECOUPLING FROM THE DOW. MY BEST INVESTMENT WAS A WEEK AGO IN AGQ. ITHINK I WILL ADD TO IT AND ALSO GET UGL. FROM WHAT I HERE ON KING WORLD NEWS BEN DAVIS AND OTHERS THE METALS ARE ON A MOVE UPWARD. BUY THE DIP IF THIS IS ONE
          GOD BLESS HOPRFULLY WE MAKE MONEY AND USE IT FOR THE LORDS WORK I AM HOPING TO START AN ORPHANAGE IN THE PHILIPPINES PRAY FOR MY SUCCESS
          JOE

          • On August 21, 2011 at 12:26 pm,
            Al Korelin says:

            Hi Giuseppe,

            I have not forgotten about you project. I am in the middle of the bush in Alaska right now and I promise to get back to you when I return next Thursday to the studio.

            God Bless,

            Big Al

        • On August 20, 2011 at 3:32 pm,
          Giuseppe Valente says:

          BY THW WAY JAMES HOW MUCH DEBT IS QUEBEC IN. I HEAR ABOUT CALIFORNIA $100 BILLION BUT I BELIEVE QUEBEC IS MORE THAN THAT

          • On August 21, 2011 at 5:13 am,
            James B from Canada says:

            la belle dette quebecoise is much more – multo di piu – than 100,000,000 and we dont have – no abbiamo – hollywood or silicon valley. The ” grand nord” project will help Quebec but their public service salaries and pensions and infrastructure is a major burden. Next year quebec sales tax goues up to 9.5%. The quebecois are a good people but I dont know if they really give a $&*% when it comes to finances. Yes, they love their terrasses and their SUVS but 40% of those living in quebec have very little in terms of savings. So I dont know how its going to end.

        • On August 21, 2011 at 12:24 pm,
          Al Korelin says:

          HI Again James,

          You sound like a pretty savvy investor, my friend!

          Big Al from the Bush in Alaska

          • On August 22, 2011 at 5:09 am,
            James B from Canada says:

            AL- I have made my share of mistakes. Ive made a lot of money, Ive lost a lot of money and made it back and lost a good chunk. I believe that investing in metals has got to be my last ride on the roller coaster ride of investing. Ive been here since july 2010 – maybe still a newbie but I am holding on to my metal ETFs and I do not have anything to do with Dow Jones or S&P. I have no banks; TD or otherwise. Only silver and metal stocks and ETFs

            I just made my first purchase of 48 silver coins for $ 2,285 and I hope i am able to invest more and more each month. Im very excited about it. Listening to you, Turk, Embry, Malloy, Trader Rog, Ackerman, Bill Murphy, Stephen Leeb and Eric Sprott – has changed my views on money.

            The above list of names are names whom the typical man on any street any time in North America never heard of yet I listen to every interview I can download , at least 3x to really understand. I love your site too.

            If Lewis Ruckeyser were alive today, I don’t believe he would allow any of those men to appear on his show more than once. And even if he allowed James Turk to appear, it would not be for long and Lewis would make sure that his other guests would ” hammer” him on every point to bamboozle the audience. His sponsors would not be appear to allow Bill Murphy, as an example, to speak for long on TV.

            Comments? Was he secretly a gold investor?

      • On August 21, 2011 at 12:23 pm,
        Al Korelin says:

        Giuseeppe,

        Of course, THE LOVE OF MONEY is the root of all evil.

        Funny story, we were driving yesterday for about 5 hours from Anchorage to the property I am currently visiting and guess what subject came up?

        Yep, the 2012 election. The consensus on the bus, from a group of conservatives, was that the President would win re-election. Know why? For all the reasons regarding demographics you have talked about for quite some time now.

        See my friend, you are not a crazy Italian!

        Big Al

        • On August 24, 2011 at 4:17 pm,
          carlton says:

          Currently there’s about a 50-50 probability of Obama being re-elected. If he is then America is finished in my opinion. Nafta was pushed through by both Bush Sr. and Bill Clinton. It was one of the final nails in America’s coffin both politically and economically as we are reduced to third world status and lose our national sovereignty.

          Since Obama took office the Fed debt has increased by 4 trillion dollars….about 40%. He has no clue about sound economic policy. He’s doing what he’s told by the “shadow government” Bernanke and company. There’s no real leadership or independent thinking with this man nor with the former George Bush.

          Both Bush Sr. and Bill Clinton were puppets of the same NWO bankers deadset on turning America into a 3rd world country. Remember how the media portrayed Perot as a nut, and crazy man when really he was the only one speaking truth but he didn’t have that swash buckling image of the professional politicians.

          Seems like stupid Americans vote image instead of substance. Obama is all image and no substance.

          Ross Perot warned us that if NAFTA passed you’ll hear a “giant sucking sound” of jobs going south. He was right. Now unemployment is about 22-25% according to John Williams of Shadow Stats (not 9.6% like our gov’t says) about what it was during the Great Depression.

          Prepare for the Greater Depression as Doug Casey says. Get food, water and necessities now while they are affordable and get your spiritual house in order while you have breath.

          “Seek ye the LORD while he may be found, call ye upon him while he is near.
          Let the wicked forsake his way, and the unrighteous man his thoughts: and let him return unto the LORD, andhe will have mercy upon him; and to our God, for he will abundandly pardon.” Isa. 55:6-
          the Lord while He may be found. Call upon Him while He is near. Let the unrighteous man forsake his way.

    • On August 21, 2011 at 12:19 pm,
      Al Korelin says:

      Hi James B.

      I am currently in the bush in Alaska visiting a very interesting mining project so sorry for the delay. Internet is off an on up here.

      First comment is that politicians can be a problem, but not all. For example, would you put Ron Paul in that category?

      Secondly, and I feel very strongly about this, is the fact that multiculturalism is what made the U.S. a great country.

      My folks were Russian and Polish immigrants. My daughter Sarah was born in South Korea. The plastic surgeon who made my face right a long time ago was a black man.

      No, I cannot not knock people from different cultures. I can only knock stupid people who act out of ignorance and you find them anywhere.

      I also don’t understand the comment about the ovens in Aushwitz. Please help me out there.

      We all have to work together, my friend.

      Big Al

      • On August 22, 2011 at 5:52 am,
        James B from Canada says:

        I live multiculturalism every day. I can speak or read more than 5 languages and I love these foreign foods. I am learning chinese and studied japanese for 4 years. My wife is from South America and I am a jew.

        Korelin sounds slightly Finnish. “Kweenka polyan kello” mean what time is it.
        MY point is that how do you govern it all? You cant.

        The USA has 40 million spanish speakers. They have their own TV, radio, magazines and newspapers and even their own grammy awards and Miss Latina USA beauty contests. Their own music talent and their own entrepreneurial people help to employ as many as they can so why integrate?

        I know Canadian citizens born in South America that cannot speak English, have no real desire to learn and know nothing about the country.

        Many ” new Canadians” not born here, from South America, Lebanon, Morrocco and Haiti support the separation of Quebec from Canada.

        MY late uncle was a mechanic for the RAF in WW2. Did he fight for this? Did he risk his life in the blitz for this? Did he inspect planes night and day and sleep in underground bomb shelters for this?

        In Toronto, their are ethnic Tamil groups that are well placed, on purpose I was told to control voting areas. A politician to win, has to be on the right side of the issues in their home country and the home countries of new immirgrant groups. Thats my point.

        Liberals in Canada knew that by importing ( more often than not, poverty ) will cling these new Canadians to their party. And it was succesful for many areas to the detriment of Canada.

        The pain of multiculturalism real issue is Islam. These people will never integrate and the y will make the false issue of palestinians an election maker or election taker. Just look at the UK. But not after you eat or you will get sick

        Too often, Muslims are importing their issues with them. This will be the end of the experiment of multiculralism. Tragedy.

        Re; demographics – Yes Obama will likely win in the next election. One reason is in fact multiculturalism.

        So should their be a law saying that new immigrants cant vote for 10 years after being a citizen? good luck.

        The left need you to conform and convince you that you must be part of a collective or else it is you that is the racist, bigot, narrow thinking, etc. person.

        Secretly, they are capitalists but for you they want communism. They seek to create chaos and the only way to resolve the chaos is via big encompassing govt. to pass layers of laws that dictate what language you speak in public, what language you can read in public, high expropriation taxes with interest and penalties to finance their leftist nightmare until you cannot spend as you wish and must get into debt to live and thus if you make too many wrong moves, you are a debt slave to the banks and to the state.

        In 1973, Canadians woke up to find that they must embrace multiculturalism, bilingualism, the metric system ( three years before they began to tax capital gains and our stock market has under performed the Americans because of it – we are a small country) and Quebecois nationalism. Parliament made these laws in the middle of the night as they often do when it comes to increasing their pay and pensions.

        In Quebec we pay a provincial tax on the federal tax!! High property taxes and sales taxes all to feed the state.

        Conformity is the key. Hitler and Stalin are the extreme versions but it begins slowly with the media saying that not voting for Obama is because you are racist and it move from there.

        No there are no re-education camps here but if the left had their way, I believe their would be.

        I love Canada but its so hard to save and invest.

  3. On August 20, 2011 at 6:32 am,
    Dirk B says:

    Always love to hear from David Bond… but a better angle on this might have been the risk of mine nationalization in Mexico, where so many of our small-cap silver producers are, and, obviously, Boliva. Next time?

    • On August 20, 2011 at 8:31 am,
      Gundhi says:

      Are there any signs of Mexico being at the forefront of mine nationalizations? At least in the oil business, they seem to be doing just the opposite now, giving more room to private companies.

    • On August 21, 2011 at 12:28 pm,
      Al Korelin says:

      Hi Dirk B,

      That is really an interesting possibility, isn’t it!

      When I look at all the economic and social benefits that my mining friends in Mexico are bringing to the communities that they are working in; however, I don’t give it much chance!

      Big Al

  4. On August 20, 2011 at 8:32 am,
    Tom Johnson says:

    Hi Al and Rog,
    I’ve been in a mutual fund that invests in gold mines such as Barrick, Newmont, etc etc. However the past couple of weeks as gold has gone up the fund has gone down because the dow is taking a big hit. I’ve noticed however the the ETF, GLD has continually gone up. Do you think it would be better at this point in time to be in GLD as opposed to the gold mutual fund? Thanks. Tom

    • On August 21, 2011 at 12:30 pm,
      Al Korelin says:

      Hi Tom Johnson,

      Can’t give investment advice, so don’t take this as that.

      As listeners know I am a big fan of diversification. I personally am keeping my current positions which included stakes in a mutual fund.

      Best,

      Big Al

  5. On August 20, 2011 at 9:18 am,
    Gundhi says:

    Wanna trade gold on digital paper for gold in the ground?

    Consider GLD a trading instrument, not an investment.

  6. On August 20, 2011 at 9:49 am,
    Jerry says:

    SEG 3.. We do not need to be in 120 countries….the military budget is
    over $610 BILLION …CHINA’s budget is $95 billion….How much military do we
    need…, the constitution does not call for this..
    You need to go back and do Roman history lesson..to see this was one of their
    problems before they folded.
    With all do respect…thanks for a great show..

    thank
    jerry

    • On August 21, 2011 at 12:32 pm,
      Al Korelin says:

      Hi Jerry,

      I AGREE COMPLETELY with what you are saying regarding military spending. It is truly one of my pet peeves.

      Big Al

  7. On August 20, 2011 at 9:59 am,
    Jerry says:

    seg.2 PRES.OBAMA…knows he has it made for the rest of his life…
    Retirement money of over $400,000 a year,plus all health care for free,
    servants to serve his every whim..
    This puts him out of touch with 90% of all Americans…why should he care
    what happens to the rest of us, after he leaves office.

    • On August 21, 2011 at 12:33 pm,
      Al Korelin says:

      Hi Jerry,

      The retirement, etc. is true for every past president. Mr. Obama is no different.

      Big Al

      • On August 21, 2011 at 3:47 pm,
        Jerry says:

        well put

  8. On August 20, 2011 at 10:08 am,
    silverbug (Dave) says:

    I like to hear from David Bond too. I used to enjoy reading his articles on other websites when I could find them easily.

    Maybe the key is to DIVERSIFY the country risk by buying companies that operate and have their management in a range of regions in the world. That is not so difficult to do.

    Why take the risk? Would you buy mining shares of Zimbabwe, Venezuela? How about South Africa? Is that not taking its early steps on the Zimbabwe route? How about the USA? Will Obama move towards more socialism/fascism and redistribute wealth as he sees fit for his constituency the so-called poorer classes? His beloved poorer classes will expand hugely as 50+ million+ people will likely be on food stamps. Steal the gold mines and feed the people will be the mantra (“for the people” is the mantra. Isn’t that always the choice phrase of socialists, always ‘for the people’?

    There is still hope for America to change course but it doesn’t look like it will until you have had a totalitarian regime there and decades of misery, before it all collapses and the reform happens, probably not in our lifetimes.

    If I look at mining companies myself (it seems easier just to buy the gold and silver themselves for me, personally) I like to think about in what country they are situated and what the politics are there. Many places are risky. I got jittery about Randgold and sold my shares on a small rally, now they are skyrocketing and I wish I had kept them. They are in the DRC among other places in Africa and the DRC seems to be a lot quieter right now than many other places these days, including central London over the last few weeks!

    As for the decadence of Obama and the political classes, it’s just more of the same. However, if he is supposed to be supporting the poorer classes, he has NO excuse.

    • On August 21, 2011 at 12:36 pm,
      Al Korelin says:

      HI silverbug (Dave)

      Regarding geographic diversification, you are right on!

      Regarding hope of America to change, I believe that it will and I think that it has already started. We just have some really hard times to go through.

      Regarding, the political classes, always been that way for the most part.

      Big Al from the bush in Alaska

  9. On August 20, 2011 at 10:21 am,
    Fleat says:

    Thanks for having the “young peoples” segment on the weekly. As mentioned in another post I’m 24 years old and African-American and I’ve found the trend of other analysts claiming that all people in my age group are entitled wet blankets. I’ve worked hard for what I have.

    I’ll make a little comment about Obama. He really isn’t as significant as people make him seem. People complain way too much about “Obama’s economic policy”. Yes the Treasury department is in the executive branch but pretty much everything related to that falls at the feet of Congress and lobbies.

    And it’s more Obama being ineffective than Obama being black as to why his popularity is fading. I think if any president was expected to deal with economic events of this magnitude there’d be a lot of dissatisfied people. I know – I’m one of them.

    • On August 21, 2011 at 12:40 pm,
      Al Korelin says:

      Hey Fleat,

      I agree with you completely.

      I just fear that there is a certain amount of latent racial ill feeling out there. Often times perhaps from people who are acting on incorrect past learned behavior. Doesn’t make it right. It just is what it is. People need to come to grips with their feelings, think about them and then act accordingly.

      Best,

      Big Al

  10. On August 20, 2011 at 10:26 am,
    Doug Bunker says:

    Al,
    David Bond is spot on! If our current clown gets re-elected next Nov. you would be out of your mind to think he wouldn’t sign an executive order nationalizing the mining industry. Everyone needs to understand that we haven’t even started to feel the real pain that is coming. Are you kidding me just look at the numbers of people in the US that are currently receiving in one form or another govt. assistance. Mr. Bond only mentioned a few areas that this administration has already nationalized, lets include mortgages and college student loans. We are in DEEP my friends! Lets wait until next month when the Mexican Govt. comes back off their summer break, they are going to institute silver as a currency! You want to see the price of silver rocket. My understanding is that the powers to be have already made their decision to put this in place. Things are just starting to get crazy! Hold on Brothers and Sisters!

    • On August 20, 2011 at 4:53 pm,
      Matt. R. says:

      http://www.thedailybell.com/1071/Hugo-Salinas-Price-Silver-Should-Be-Legal-Mexican-Currency.html

      I know that Hugo Salinas Price has been pushing for Mexico to have silver coins, but I hadn’t heard it was actually going to happen. Interesting if it does!

      • On August 21, 2011 at 12:43 pm,
        Al Korelin says:

        Hi Matt R.,

        Been hearing this for a long time now. As yet not much progress.

        Big Al

    • On August 21, 2011 at 1:07 am,
      John W. Robertson says:

      This is something that needs to be talked about more. I’m on reserve battery power, so I’ll keep it short…the Dem caucus (by this, I don’t just mean the Senate or President, but the policy makers in backrooms) have ram-rodded through every token issue they’ve wished upon in 2 1/2 short years. From medical care to cash-for-clunkers to this week’s announcement of guest visas. I’m not hard-pinged against any and every idea from the Dems, but it’s the way they do it…just like Janet Napolitano did when governor of Arizona. I think as the Fed runs into potential headwinds of inflation and uncertainly over bonds…and the inevitable rising metal prices…confiscation or perhaps controls or taxes on buying metals is possible. I didn’t think that 2 years ago. I’ve done a 180 now. Second term means validation of all the controversial policies of the past 2-3 years. Anything would be possible in the future.

      • On August 21, 2011 at 12:44 pm,
        Al Korelin says:

        Hi John W,

        Pretty scary!

        Big Al

    • On August 21, 2011 at 12:42 pm,
      Al Korelin says:

      HI Doug Bunker,

      Don’t know about the situation in Mexico, but I do agree with the comment that “things are just starting to get crazy!”

      So true,

      Big Al

  11. On August 20, 2011 at 11:49 am,
    Matt B says:

    Doub ,can you elaborate and/or give us some reference guides to read re: the Mexican currency of silver ?
    Many thanks.

    • On August 21, 2011 at 7:02 am,
      Doug Bunker says:

      Matt,

      Go to KingWorldNews.com and click on the archive section on the upper right hand of page. Scroll down to the interview on Wed. May 18th, 2011 with Hugo Salinas Price. If you don’t follow KWN you need to, GREAT host and GREAT guest.

      Doug

  12. On August 20, 2011 at 2:05 pm,
    Bill says:

    “Nationalizing the mining industry would be counterproductive….” Okay, Al…. What has our government done in the last decade or so that WASN’T counterproductive? And come on, don’t put it all on Obama; he’s just the latest public figure dancing to the tune of the oligarchs. They’ve been digging this hole for 50 years. It just took that long to destroy our free market economy.

    The only reason I think Obama was elected was because our country wanted anybody but Bush and his neocons .

    My guess is that Chavez saw what happened to Syrian assets and is bringing it home before it gets frozen in western banks and sovereign states who are destroying their currencies. You know, that trickle down economics thing that’s vacuumed up everything in sight. Fascist on the right; Marxists on the left–they are ripping our country in two. Choose your poison, blame the other guy, and kick the can down the road. What about our Republicans who are also on vacation?

    PS

    I didn’t vote for Obama or McCain becuase I believe in free markets.

    McCain, what a joke! A member of the Keating Five who was neck deep in a bond fraud scandal (where senators from both sides were caught up in it–thus they ALL looked the other way). So, he runs for president in the middle of mortgage back securities fraud that drove the final nail into our economic coffin..

    • On August 21, 2011 at 12:46 pm,
      Al Korelin says:

      Hi Bill,

      Don’t get mad at me, man!

      You are preaching to a choir in which I am the lead tenor.

      Big Al

  13. On August 20, 2011 at 2:30 pm,
    Wesley says:

    I agree with Jerry. Have you forgotten what Rumsfeld told the world on 9/10/01? That he couldn’t account for over $2 trillion. War is a racket wrote Gen. Butler in 1935 and it still is. When they say Defense they mean Offense. Its very disappointing to hear the hosts speak in fear of people from the Middle East, as if we have to spend billions for ‘defense’ because of them. Buildings didn’t start exploding in this nation until the USSR imploded and we never did get that peace dividend. Our Constitution is not for an empire but that is what has been built with foreign aid, the CIA coups, various wars, and now terrorism. None of this will end well but it will end.

    • On August 21, 2011 at 12:36 pm,
      Jerry says:

      thanks for the comment, great to have like minded people
      who understand the current situation at hand.

    • On August 21, 2011 at 12:48 pm,
      Al Korelin says:

      HI Wesley,

      If you have not done so already, go to youtube and watch President Eisenhower’s speech of about 40 – 50 years ago where he talked about the military/industrial complex.

      See man, all golfers are not stupid!

      Big Al

  14. On August 20, 2011 at 2:55 pm,
    James B from Canada says:

    I have been to Barqisimeto, Venezuela in January 2009. Disgusting, ugly, poor beyond words, everything is crumbling, next to impossible to call North America, and food is expensive. Pizza and beer for 5 adults and 2 kids: $83US dollars. Is that sick? No ATM machines for foreigners, nowhere to walk at night.

    And all you see is Chavez’s smiling face wearing a red sweater on posters.

  15. On August 20, 2011 at 3:00 pm,
    Karen says:

    I totally agree with David Bond. It cannot be denied that Obama and his administration is trying to control every aspect of our lives. Obama care, the car industry, banks, education through student loans, confiscating property through eminent domain and FDA regulations. He would nationalize anything he could. He surrounds himself with corrupt and evil advisers. As a recent example, “fast and furious” his way to remove the 2nd amendment has killed two American federal agents. His ambition is to destroy the middle class with more regulations and higher taxes. He is a committed socialist and authoritarian. His jobs plan will be to grow government for the purpose of control. His mission is to destroy the private sector and punish the successful.

    • On August 21, 2011 at 12:49 pm,
      Al Korelin says:

      Hi Karen,

      Bet I know where your vote will be cast in 2012!

      Big Al

  16. On August 20, 2011 at 4:14 pm,
    TiKi says:

    Why nationalize mines when you could just raise taxes on the miners.

    • On August 21, 2011 at 2:39 pm,
      Al Korelin says:

      That would be easier to push through, TiKi.

      Consequently, the likelihood of this happening as opposed to nationalization is much better.

      Thanks for the comment,

      Big Al

  17. On August 20, 2011 at 8:57 pm,
    Clay says:

    Al. As per what David Bond is saying, I understand his position and thoughts with complete sympathy to his ideas, but he is absolutely wrong. Al, You were right in this segment. There are so many reasons why you were right and David wrong, that it would take a book to point them all out, but I will point one hint. In Oregon there are several congressmen and a senator who are mostly democrats that are trying to move the process of land ownership of O&C lands, which is administered by the BLM, to the Counties and communities of Oregon.

    Another slam dunk reason David is wrong and Al is right, Obama is so incredibly weak right now he has become the leadership of a coat in the closet. He can’t do anything because everything he has done is a total failure. Maybe the next president and congress can change the ownership of mines in the US, but a snow flake in hell has better chance than Obama nationalizing the US mines. And lets be economically frank, what would nationalization accomplish? I don’t think it would help the budget for more than a day or two.

  18. On August 21, 2011 at 2:41 pm,
    Al Korelin says:

    HI Clay,

    Yep, given the current economic conditions, what would nationalizing the mining industry do except piss a lot of people off.

    Big Al

  19. On August 25, 2011 at 12:44 pm,
    carlton says:

    Currently there’s about a 50-50 probability of Obama being re-elected. If he is then America is finished in my opinion. Nafta was pushed through by both Bush Sr. and Bill Clinton. It was one of the final nails in America’s coffin both politically and economically as we are reduced to third world status and lose our national sovereignty.

    Since Obama took office the Fed debt has increased by 4 trillion dollars….about 40%. He has no clue about sound economic policy. He’s doing what he’s told by the “shadow government” Bernanke and company. There’s no real leadership or independent thinking with this man nor with the former George Bush.

    Both Bush Sr. and Bill Clinton were puppets of the same NWO bankers deadset on turning America into a 3rd world country. Remember how the media portrayed Perot as a nut, and crazy man when really he was the only one speaking truth but he didn’t have that swash buckling image of the professional politicians.

    Seems like stupid Americans vote image instead of substance. Obama is all image and no substance.

    Ross Perot warned us that if NAFTA passed you’ll hear a “giant sucking sound” of jobs going south. He was right. Now unemployment is about 22-25% according to John Williams of Shadow Stats (not 9.6% like our gov’t says) about what it was during the Great Depression.

    Prepare for the Greater Depression as Doug Casey says. Get food, water and necessities now while they are affordable and get your spiritual house in order while you have breath.

    “Seek ye the LORD while he may be found, call ye upon him while he is near.
    Let the wicked forsake his way, and the unrighteous man his thoughts: and let him return unto the LORD, andhe will have mercy upon him; and to our God, for he will abundandly pardon.” Isa. 55:6-


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