Weekend Show – Sat 24 Mar, 2012

Politics and Investing As Usual

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In this show Al discusses:



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Featuring:
Al KorelinGrant WilliamsMarshall BerolRon HeraSean BrodrickJames Turk
Peter GrandichRyan JordanKathryn Raaker

Comments:
  1. On March 24, 2012 at 5:23 am,
    irishtony says:

    HI AL Re seg 8………. Yes i think KATHRYN should come back on soon, but please give her more time………Thanks.

    • On March 24, 2012 at 8:35 am,
      Big Al says:

      Good Morning Mr. Irish,

      Yes, I will. She turned out to be very interesting, didn’t she!

      Big Al

  2. On March 24, 2012 at 5:32 am,
    irishtony says:

    AL THANKS FOR HAVING MR TURK ON. I like listening to him as i think he talks a lot of sense..(as do you ). I know he has a vested interest in pushing GOLD because of his business , but at the same time , he comes across as someone who is honest & trustworthy.

    • On March 24, 2012 at 8:06 am,
      Dennis M. O'Neil says:

      I think Mr. Turk is trustworthy & honest and because of that founded his GOLD business.
      In his situation……he arrived at the later business because of former traits.
      In case you missed what I think is his best presentation in a beautiful setting check out his presentation at the Januarys 27, 2011 Chevoit Sound Money conference. Looked for a link and could not find one that worked?

      • On March 24, 2012 at 8:20 am,
        Marc says:

        Dennis,
        That is an EXCELLENT point you bring up about Mr. James Turk, the DEAN of the Gold Guys. He founded his gold business BASED on his character traits. He saw the immorality of the fiat currency system as a young observer and proceeded to do something about it. Thus, his INVOLVEMENT is a direct correlation of his almost “pristine” (too strong an adjective?) character trait that seeks financial TRUTHS, honesty and integrity….thank for that and your incredibly insightful analysis on this blog.
        All the best,
        Marc

      • On March 24, 2012 at 8:37 am,
        Big Al says:

        Thanks Dennis.

        You know, you meet some people during the course of life who you simply enjoy and respect. James is one of those individuals as far as Kathy and I are both concerned.

        Best,

        Big Al

    • On March 24, 2012 at 8:36 am,
      Big Al says:

      That’s because, Mr. Irish, he is honest and trustworthy!

      Big Al

      • On March 24, 2012 at 8:08 pm,
        castanheiro says:

        Gentlemen,
        I agree with all of you re. James Turk, and for all the same reasons you gave. Thank you Big Al for having him on. Also like Sean Brodrick. Good perspectives.

    • On March 24, 2012 at 10:27 am,
      Mark Alan says:

      I Agree! Mr. Turk is one of the more “turn-to” gold guys out there! Oh yeah, sure, he has made some projections that never panned out, but at least he never made excuses for when his short-term projections didn’t work out…very humble and honest. However, he has ALSO MADE some great short-term calls, like the one last year when gold skyrocketed to over $1900 an ounce which start in July of 2011! He was the only one among the other ‘gurus” who were making this claim and most people said it wouldn’t happen because it wasn’t “seasonally” possible. Well, look what happened.

      • On March 24, 2012 at 12:40 pm,
        Big Al says:

        Yep, he is one bright dude!

        Big Al

  3. On March 24, 2012 at 5:39 am,
    irishtony says:

    Sorry about the above double, must have had a blond moment….ooops should not have said that. Apologies to the intelligent blonds out there.

    • On March 24, 2012 at 8:39 am,
      Big Al says:

      Watch it, Mr. Irish!

      Leave that comment to me!

      Big Al

    • On March 24, 2012 at 8:10 pm,
      castanheiro says:

      Hey irishtony,
      My wife is blond and she married me, so how smart can she be?? Ooops, maybe that didn’t come out right. Oh, well. I married her which means I married up, so that makes me real smart, I think.

      • On March 25, 2012 at 8:55 am,
        Big Al says:

        That makes you very smart, Mr. C!

        Big, also very smart, Al

        • On March 25, 2012 at 7:39 pm,
          castanheiro says:

          Amen Big Al, amen! Next to my relationship with my Creator, she’s the best thing to happen to me!

  4. On March 24, 2012 at 5:42 am,
    Bobby says:

    Big Al,
    Segment 7: Ryan mentioned silver storage as an issue of concern. There is very little talk of proper storage out there. Gradual accumulation over years can produce 100′s of pounds of silver and price appreciation can make your investment vulnerable to theft. Of course there are many types of safes available, but only 3 or 4 private storage facilities in the country where one can take their persoanl stash of silver. Perhaps some of the listeners can comment.

    • On March 24, 2012 at 7:28 am,
      irishtony says:

      BOBBY….I for one would not trust any private storage facilities, with my silver. The gov. could seize it , or the people storing could run off with it . Its safer in my care.

      • On March 24, 2012 at 7:36 am,
        irishtony says:

        & besides JERRY told me the safest place to hide it is under my mattress, because burglar’s never look there. haha

        • On March 24, 2012 at 8:23 am,
          Marc says:

          Irish (Jerry),
          You guys continually crack me up and add a much need comic relief outlet. Now, go back to the bar and order us some more drinks!…please……Oh, yeah your buying – right?!

          • On March 24, 2012 at 8:41 am,
            Big Al says:

            This round, I believe, is on you Marc!

            Big Al

          • On March 24, 2012 at 9:31 am,
            irishtony says:

            HI MARC….With so much crap going on around the world, if you let it get to you , it will drive you NUTS, we need to step back & enjoy what we have, & remember the best thing in life are free. As far as laughter is concerned, we need more of it , & as they say laughter is the best medicine. I find one of the greatest pleasures in life is making a child laugh, to see a young child laugh is …PRICELESS.

        • On March 24, 2012 at 8:40 am,
          Big Al says:

          You know gentlemen, storage is definitely an issue. Look at what happened to David Morgan and some of his silver. (Stolen, I believe from his home.)

          Prudence is the word here.

          Big Al

          • On March 24, 2012 at 9:33 am,
            Dennis M. O'Neil says:

            Storage solution

            A shovel!

        • On March 24, 2012 at 9:52 am,
          Jerry O^OTB says:

          IRISH, YOU WILL BE PLEASED , WE HAVE ANNOUNCED OUR NEW STOREAGE FACILITY,
          TO BE LOCATED IN RAINBOW RIDGE, KENTUCKY,
          THE NEW LOCATION IS right nex door TO FT. KNOX, WHERE WE HAVE BEEN WORKING
          FEAVORISHLY, WHERE THE LITTLE PEOPLE
          HAVE MANAGEAGED TO DIG between our storeage spot and the fort’s vault.,
          The last few feet became quite a challange, THE HOLE NECESSARY FOR MRs, O..TO SNEAK thur had to be made wider, due to her new diet which seems to have increased
          her gerth…if you know what I mean…

          BUT, we have sucsessfully completed on time….
          just prior to the next audit….we want to thank DR. PAUL he HAS BEEN VERY INSTRUMENTAL
          IN DRAGGING HIS FEET FOR THE LAST 28 YEARS, WHILE WE HAVE BEEN
          MININGand completing our tunnel….while AL HAS BEEN PROMOTING THE LAST REMAINING ISSUES
          OF MINING STOCKS , KBUT, (listed on nasdax) exchange, only registered
          in the state of kentucky, since , Ron’s son insisted…and thought he could
          handle the overwelming response of the crowd, when the vault doors
          to Ft.Knox are finally opened and discoverd, that the remaining gold
          has been shipped to a person some where on the Irish Isles., going
          by the name LUCKY LEP..THE IRISHMAN, the man with the green beard.
          Uncle BARRY Obama, has promised to blame the missing bars on Uncle BEN,
          and by the time of the discovery, uncle ben will have jumped or been
          pushed out of the helicopter , chasing the golden bar, which was found
          in his pocket, We will be able to split the inventory equally amoung
          all the current watchers,,,Heck, we might even be able to split it
          with Martin, marc, luke and john….
          Now, you can finally discard the mattress, now that the secret has been
          announced…and we will make final arrangements….
          before, this is done….please have c..hero…flyover and finish
          filling in the hole he started last week…he is a great decoy….

          • On March 24, 2012 at 11:52 am,
            irishtony says:

            JERRY……….Sorry to have to pi@@ on your parade, but those samples you sent me over, concealed in waxworks copies of obi & benny,…only turn out to be FECKING TUNGSTEN………yes you heard right..we’ve been robbed………But wait all might not be lost…….You know how BIG AL is so trusting, well we might be able to offload a few bars in his direction, you know offset some of our expenses, & there is always EBAY…….contact JOHN W. he’s a clever sod, im sure he will have some dodgy contacts that can shift the rest ….PS…Not a word to the LEPS, if those ginger haired little nutters get a wiff that i might not be able to pay them they will tear me apart……….STAY CALM MATE.

          • On March 24, 2012 at 12:43 pm,
            Big Al says:

            You really should write a book, In the Box!

            Big Al

          • On March 24, 2012 at 1:58 pm,
            Jerry O^OTB says:

            IRISH….DON’T WORRY ABOUT THE LITTLE LEPS….I told them the queen was
            in town and had promised to quit claim a deed to the property at
            Rainbow Ridge…plus, told them they could all be V.PRES(S)..OF
            THE NEW RAINBOW CONFEDERACY OF AMERICAN…,
            they all offered to shave once a week and take bathes once a year..
            since, we all take a bath at tax time , I thought that would be ok…

          • On March 24, 2012 at 8:17 pm,
            castanheiro says:

            Irish and Jerry,
            You guys tear me up. Couldn’t stop laughing. Big Al’s got it right. You guys should co-write a book or you could start doing standup. That way Mr. Irish would never be too far away from the happy juice.

          • On March 24, 2012 at 8:19 pm,
            castanheiro says:

            Yes, you guys are right. That diggin’ operation of last week won’t go down as one of my brighter moves, that’s for sure. I’ll get it filled in and get back on my meds, i promise.

          • On March 25, 2012 at 9:32 pm,
            John W. Robertson says:

            “…contact JOHN W. he’s a clever sod, im sure he will have some dodgy contacts ..”

            I do not have some dodgy contacts. They’re all dodgy.

        • On March 24, 2012 at 8:12 pm,
          castanheiro says:

          Irish and Jerry,
          where do you put your stash if you happen to sleep in a hammock?

          • On March 25, 2012 at 4:46 am,
            irishtony says:

            DUH………PUT THE MATTRESS IN THE HAMMOCK……SIMPLE…….Who would ever think of looking under a mattress, that’s in a hammock.

          • On March 25, 2012 at 7:41 pm,
            castanheiro says:

            Ok Irishtony,
            See, that’s why I asked you. I never would have thought of that.

    • On March 24, 2012 at 8:14 am,
      impeachemall says:

      I recommend throwing as much as fits into the tank of ones fleet of SUVs. Guaranteed to lower gas bills, too!
      No, seriously, read all you can on the subject, then make up your own mind. Then, shut up. Do not discuss this here or elsewhere. If your choice of storage philosophy will someday turn out to be a total failure, and you will lose it all, you pretty much deserve it.

      • On March 25, 2012 at 3:58 am,
        Bobby says:

        I agree, and what ever you do, donot store more in your home than you can afford to lose.

        • On March 25, 2012 at 8:57 am,
          Big Al says:

          It would be interesting to see what a person could insure his stored bullion for.

          Big Al

      • On March 25, 2012 at 7:43 pm,
        castanheiro says:

        impeachemall,
        Good advice to ‘shut up’ about it. Best to keep quiet and not advertise what you have.

      • On March 25, 2012 at 9:37 pm,
        John W. Robertson says:

        Diversify storage. If you have some good friends or family you can trust (ahem…), store some of your bullion at their house, and theirs at your house. A thief or fire might still destroy your holdings at one premise, but not likely at the other. It doesn’t prevent a loss, but spreads it around should it occur. There are several silver bullion vaults for hire too.

        Maybe do like they did in The French Connection and put some silver under those darn rocker panels.

    • On March 24, 2012 at 8:59 am,
      Karen says:

      Hi Bobby,
      About 5 years ago I researched the storage options. I decided on James Turk’s Goldmoney. Not only is it convenient but it is out of the country. I also have my own stash close at hand but large amounts are best in storage facilities out of the country.

      • On March 24, 2012 at 9:38 am,
        Big Al says:

        That is definitely one advantage of goldmoney.com

        Big Al

      • On March 24, 2012 at 3:39 pm,
        Bobby says:

        Yes, Karen, that is a great solution. However, I had accumulated silver over a 40 year period, just about every denomination: junk, eagles, rounds, bars, etc. When i started bringing it all together before my move, i realized just how much i had. As you know, you cannot deposit your private stach with Turk. I see that apmex’s new storage facility will “in the future” be able to accept such hoards. Currently i have only found 4 places, Newport Beach, New Orleans (the old mint), Las Vegas, and Florida. Depending on what you have, I believe that you can store between 700-1000 pounds of silver for about $1000.00 per year. I was very leary when i loaded up my trunk with the goods for transit.

        • On March 24, 2012 at 4:54 pm,
          Big Al says:

          Hi Bobby,

          You have an interesting challenge. Not sure in this day and age what to suggest.

          Big Al

          • On March 25, 2012 at 4:01 am,
            Bobby says:

            Al, I agree, this is what makes accumulating and owning physical silver in quantity very challenging.

  5. On March 24, 2012 at 5:43 am,
    irishtony says:

    SORRY AL……..I dont know what happened with the above, not sure if the problem , is at your end or mine.

  6. On March 24, 2012 at 5:46 am,
    irishtony says:

    I sorted it , the problem was my end.

  7. On March 24, 2012 at 7:21 am,
    irishtony says:

    Corzine ordered MF GLOBAL customer money moved to MORGAN, memo says.>>>>>GATA.

  8. On March 24, 2012 at 8:27 am,
    Marc says:

    Big Al,
    Another GREAT show…just keeps getting better and better. Very glad you and (Dr.) Ryan got together so quickly on the site to disseminate his ideas on this most UNDERVALUED asset – silver! Continued success and all the best…..
    Marc

    • On March 24, 2012 at 8:43 am,
      Big Al says:

      Morning Marc,

      He is a great guest and will be on the program more in the future.

      Big Al

  9. On March 24, 2012 at 8:48 am,
    Marc says:

    BTW, Big Al,
    When you click on Ryan’s pic nothing comes up for his links….is that my computer or ?
    Just a quick heads up,
    Thanks

    • On March 24, 2012 at 9:09 am,
      Big Al says:

      Hi Marc,

      I will talk with Sarah about this. I don’t know.

      Big Al

    • On March 24, 2012 at 9:34 am,
      irishtony says:

      MARC …click on his name.

      • On March 24, 2012 at 9:39 am,
        Big Al says:

        Thanks Mr. Irish!

        Big Al

      • On March 24, 2012 at 11:41 am,
        Marc says:

        Thanks Irish!

  10. On March 24, 2012 at 9:05 am,
    Dennis M. O'Neil says:

    The banking system is now flailing in currency swaps, derivatives and outright MF Global John Corleone Corzine fraud. “Leave the gun take the cannoli.”
    Below is a post I made on the yahoo HL board on January 15, 2011… it still resonates today…..it was well received and I re-post it here for your thoughtful consideration.

    FYI….Proud peon…… was a phrase I used to embrace the derogatory ridicule directed at advocates of sound money.

    The irony of this CNBC headline BANKS ENTERING “GOLDEN AGE” was not missed by
    this proud peon.
    Link http://www.cnbc.com/id/41060318
    When Andrew Jackson dealt with the banks he called them what they were “…… a den of vipers and thieves!” Ironically the President who adorns the USD $20 note hated paper currency. He realized that after a credit expansion the bad debt would have to be written off quickly. If not it would linger and fester. Failure to purge bad paper would cause the downturn to be long lasting. The media hyping the purchase of bank stocks in light of the unmentionables they continue to carry on their books is obscene.
    Frederic Bastiat put it well when he wrote “When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.”
    A system such as Bastiat describes continues until it can not continue any longer. A stranded swimmer will wisely swim until the swimmer can swim no longer.
    Unless something solid is found the swimmer will swim and tread until the swimmers last gasp. The paper economy and laws which glorify it are a swimmer stranded at sea. In a desperate search for something solid with none to find. It is now and will be the peons who are glad they stand firmly on solid ground.
    The irony of using in a headline what is sound money to glorify the paper system which bastardizes sound money is not lost here.

    Cordially,
    Dennislaw

    • On March 24, 2012 at 9:35 am,
      Big Al says:

      That my friend Dennis, is a great comment!

      Big Al

    • On March 25, 2012 at 9:43 pm,
      John W. Robertson says:

      Dennis,

      With respects to Aaron, Henry and Joe over at Y!F (who used to know me as yattaboy), you’re post will be better digested here than on the Yahoo boards. Jackson and Bastiat seemed to understand important corrupting principles long before the internet. Actually, it’s interesting to see just how intelligent people were in history without the ability to look things up instantly. Of course, that might also have been a benefit.

      As for your phrase, better to be a Proud Peon than a Useful Idiot.

  11. On March 24, 2012 at 9:17 am,
    Marc says:

    Boy, Dennis ESQ…..that my friend, is a GRAND SLAM comment!
    All the best,
    Marc

    • On March 24, 2012 at 11:26 am,
      Dennis M. O'Neil says:

      Marc,
      You may then be interested in the debate that followed that initial post.
      I provide the link…hope it works.
      The back and forth amounted to a quite solid debate of the pros and cons of sound money….specifically silver. However, it did devolve into a typical long v. short message board moderator-less slugfeat. Often pointing out my inattention to spelling and grammar. Oh well! In my world ideas count!
      Ironically, I have not owned HL since an April 2011 mining incident.
      http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_H/threadview?m=tm&bn=8571&tid=262263&mid=-1&tof=-1&rt=1&frt=2

      • On March 24, 2012 at 11:48 am,
        Dennis M. O'Neil says:

        Marc….another take away from that thread, to wit:
        It is not that those endeavoring economic aptitude did not at least at fist understand the truth. I would pose this is why the Austrian School was so largely ignored and not taught. It is similar to Al Gore declaring the debate on Global Warming over before a debate even began. If you know your conclusions are false, then you can not afford the debate. It is better to first ignore, then ridicule and finally declare conventional wisdom the winner of a debate that never really occurred. The debate certainly not occurring for public consumption and never in earnest. In under-grad in upstate NY I was admonished for showing interest in Von Mises and Hayek. It was then it became apparent that John Maynard Keynes was less than what was presented. I was forced to conclude by facts that Keynes’ General Theory is a contrived convoluted fig leaf which provides supposed scholarly cover for the corrupt activities of the Fed. To support this conclusion even Keynes agreed with me in 1920. Why then General Theory. I suggest he pulled a Greenspan. I provide quotes from Prof. Keynes -Consequences of Peace Pub circa 1920 in support of this assertion.

        John Maynard Keynes,
        “Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.”

        John Maynard Keynes
        “If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer.”

        Many who may read this studied and/or were taught Keynes as Economic Gospel. I strongly suggest both your mind and wallet have been defrauded.
        The evidence of this fraud is all around us sadly.

        Cordially,
        Dennislaw

        • On March 24, 2012 at 12:38 pm,
          Marc says:

          Dennis,
          Excellent…I would only add that “I strongly suggest….” should be substituted for” I KNOW in light of the present and historical evidence revealed that the facts expose the horrible truth that both your MIND and your WALLET have been defrauded” – In my humble opinion!
          All the best,
          Marc

          • On March 24, 2012 at 12:44 pm,
            Dennis M. O'Neil says:

            I can always use a good editor.

          • On March 25, 2012 at 9:05 am,
            Dennis M. O'Neil says:

            Marc I updated the post going back to look at the originals articles financial sector stock picks comparing them to todays prices. I titled it Tortoise/peon v. hare and/or stranded swimmer….go figure:

            In the below (above for this blog) post I referenced an ironic headline on CNBC. Since an immense of water has passed under many bridges since then it helps to re-examine statements made. In the article/interview referenced Mr. Richard Bove loved Citigroup. At first glance you would think he was genius. When he made the statement C was trading at 5.04 and today it bids at 37.13….. ah but then there was the 1 for 10 reverse stock split. So since January 2011 the stock he loved is down about 25%. He also liked GS which was perched at 171.57 at the time of his statement and today bids at 126.18. He talked up BK who as he spoke was trading at 31.64 and today catches a bid at 23.95. He also liked Lazard which was then selling at $42.27 and today is at $29.55. And then there was AVR then at 34.52 and today sells at 28.94 – his best performer. To be fair HL was trading over $9 a share when the post was made and had three fewer mining incidents and one more operating mine. HL and the target metal it mines have seen the adversity of an uphill battle whereas Mr. Bove’s picks have had ample Reserves of wind at their backs. HL and fellow sector miners have valuable assets in the ground compared to the banks holding so many unmentionables. In the larger picture…the sector in which HL operates can be seen as the tortoise/peon planted firmly of solid ground whereas Mr. Bove’s financial sector picks are the hare and/or a flailing swimmer stranded at sea.

          • On March 25, 2012 at 3:16 pm,
            Dennis M. O'Neil says:

            An update from the HL board…The shorts and banksters are in severe ad hominem attack mode after and exchange of charts it has devolved into base insult…
            but below is my last post of the day….promise…. I thought you may find of interest….the manicotti is ready…
            I must decant the vino!

            My salient point was the CNBC had the temerity to in a headline and in broadcast say banking was going into a “golden age” . You cannot see the irony. And then all ….every single one……of the banking stocks Mr. Bove raved about in the trumpeted interview severely under performed the metal they were wrongly compared against. Banks are the antithesis of Gold. It is very Orwellian to say that the contaminated paper they hold and derivatives they swap fearing someday a default will be called just that are comparable to the longtime wealth preserver. Face it the banks are gambling and they pretend like they are at a church fair instead of being held up in a casino. It would be correct to say that Gold is in a “Golden Age”. I am sure that you are worth your weight in “bank notes”….Continentals that is.
            BTW which derivative department do you work for anyway?
            I made the observation 14 months 1/15/2011 on this board and the disparity of performance of the two compared catagories has proved my criticism to be correct.

  12. On March 24, 2012 at 9:30 am,
    Karen says:

    Hi Al,
    What happened in New Orleans is a good lesson on what happens when you depend on the government. I look forward to reading Sean’s book.
    Unfortunately this country has a dependency problem fostered by the liberal, progressive thinking where equality to them means equal access to resources and wealth. This type of thinking threatens moral order and creates limitations on success.

    • On March 24, 2012 at 9:36 am,
      Big Al says:

      You are one wise lady, Karen.

      Big Al

  13. On March 24, 2012 at 9:47 am,
    irishtony says:

    DAMM RIGHT KAREN……We need to rely on our own wits & common sense,& those around us…ie family friends & neighbours,………Because today the GOV. is not in the business of helping us unless, there is something in it for them. Signed- the grumpy old man.

    • On March 24, 2012 at 12:48 pm,
      Big Al says:

      Okay, Mr. Irish,

      No more Mr. Irish. You have been delegated the name “grumpy old man”.

      Hey, wait a minute! That is sometime what people call me.

      Sorry Mr. Irish, you are still Mr. Irish.

      Big Al

      • On March 24, 2012 at 3:11 pm,
        Marc says:

        Funny

      • On March 24, 2012 at 3:23 pm,
        irishtony says:

        GRUMPY OLD AL GRUMPY OLD AL GRUMPY OLD AL…………..Now if i can just come up with some more lyrics, & a catchy tune i will have a no1 hit…..Should i do it pop ? rap? or maybe operatic!!!.

        • On March 24, 2012 at 4:04 pm,
          Mark Alan says:

          GRUMPY old Al, was a grumpy old man.
          He drank his whiskey from a Budweiser can.

          He started up a website, that Grumpy Old Al
          From that point on he was everyone’s pal.

          With guests interviews and mining site locations
          Grumpy Old Al, never took any donations.

          He gave us his heart because that’s all he knows.
          And every single day his blog-o-sphere grows.

          Yes, there is a man called Grumpy Old Al
          He’s married to a blonde lady, a not-so-grumpy gal.

          We all would be lost without Grumpy Old Al.
          From Washington, Arizona, even southern Cal.

          He goes the distant that few seem to go.
          But Grumpy Old Al has the BEST DAMN SHOW!

          see if you like that one Mr. Irish!

          • On March 24, 2012 at 4:47 pm,
            irishtony says:

            MARK………….That is just brilliant…………..You are going to need an agent, i’m only asking 15%………….I will get JERRY to draw up the contract…..We should really cut AL in for 1%You know royalty’s as we are using his name …..YIPPIEEEEE we are al going to be stinking rich…………..Just being on the phone to LADY GAGA she has agreed to cover it ………LUCAS just called he wants the film rights…………Just booked the LEAR JET, See you in a few hours , …put the CHAMPERS ON ICE.

          • On March 24, 2012 at 4:52 pm,
            Mark Alan says:

            I was thinking along the lines of GREGORIAN CHANT..

          • On March 24, 2012 at 4:58 pm,
            Jerry O^OTB says:

            MY WORD IS MY BOND….WE WILL NOT NEED A CONTRACT..well, maybe we do…
            we can talk about the split later…

          • On March 24, 2012 at 5:00 pm,
            Big Al says:

            Mark,

            That is both brilliant and absolute genius.!

            What can I say?

            You, Irish, Mr C, Dennis, In the Box, Karen, etc. are all absolutely the greatest!

            Teary Eyed Grumpy Old Al

          • On March 24, 2012 at 5:03 pm,
            Dennis M. O'Neil says:

            Impressive iambic pentameter

          • On March 24, 2012 at 6:03 pm,
            Marc says:

            You got to be kidding….that was awesome – Mark A…….allllllllllllllllllight!
            Marc

          • On March 24, 2012 at 7:11 pm,
            Karen says:

            Mark Alan,
            Wow, what talent!! This is fabulous, I love it.

          • On March 24, 2012 at 8:26 pm,
            castanheiro says:

            Hey Marc Alan,
            I like it and I think it would great as a rap. The syllable (or sillaaaaable according to Bush)count per line is perfect for maintaining the cadence. Maybe you could get on the program with Big Al and do it.

        • On March 24, 2012 at 4:56 pm,
          Big Al says:

          I would strongly prefer that in be a part of an entire opera. By the way, preferably in Italian.

          Big Grumpy Old Al

          • On March 24, 2012 at 5:00 pm,
            Jerry O^OTB says:

            I THINK , C….HERO….KNOWS ITALIAN….HE CAN SING BACK UP….,NOW THERE’S
            A TWOSOME FOR YA….

          • On March 24, 2012 at 8:42 pm,
            castanheiro says:

            Hi Jerry,
            Even my shower walls don’t appreciate my singing, so I’d hate to subject the rest of you to what makes my hound dogs howl at the moon.

  14. On March 24, 2012 at 11:01 am,
    Karen says:

    Irishtony,
    you are exactly right….dependency to them equals votes

    • On March 24, 2012 at 12:09 pm,
      Dennis M. O'Neil says:

      Karen you are again very correct while at the same time you are being too specific
      “dependency to them equals votes” is a correct statement.
      More broadly dependency to them equals control.
      What better way to turn up the temperature of the boiling water

      • On March 24, 2012 at 12:49 pm,
        Big Al says:

        Dennis,

        You starting to feel like a frog?

        Big Al

      • On March 24, 2012 at 3:02 pm,
        Karen says:

        Hi Dennis
        I do agree it is the control they are after but first they have to stay in power.

        • On March 24, 2012 at 8:07 pm,
          Dennis M. O'Neil says:

          Do we vote for who is to receive/keep power?
          Could it be said we vote for who those who are in power allow us to select from?
          As sand goes through the hour glass…I am falling in the camp that we are only being allowed to pick our poison.

          • On March 25, 2012 at 9:01 am,
            Big Al says:

            Mr. Esa,

            That is a very interesting comment considering the upcoming cast of characters for November!

            Big Al

  15. On March 24, 2012 at 1:00 pm,
    Dennis M. O'Neil says:

    I am starting to feel like Gramma before the Imperial Steel Company Gold Bonds are safely retrieved from Chubby’s Kite!
    http://seevids.in/video/167/Our-Gang–Fly-My-Kite

  16. On March 24, 2012 at 1:33 pm,
    Richard says:

    Al, I’ve looked at multiple charts today. I do that to attempt to notice nuances in the markets. I look at them and shutter. My gut is really disturbing me. I believe we’ll know in the next 2 months what direction our government bonds will make their next move. It seems to me that many of the commodity markets are and are about to break down. The chinese market is starting to turn down again. Our stock markets have been in a cyclical bull market for 3 years and when you have that in a secular bear market (which we are) that’s a long time in duration. The only reason that’s probably true is because of an unprecedented amount of money creation. There’s a point in time where no matter how much money you throw at the problem, it will no longer stick to the walls in a structurally weak economy. I have the gut feeling we’re close to that sticking point. Right now my charts are screaming “global recession” and deflation to me. I could be wrong but I’m going short in many areas. Are we done with the precious metal bull market—absolutely not but I believe we’re at a deflection point in many markets.

    • On March 24, 2012 at 3:47 pm,
      Bobby says:

      Richard, there are plenty on the deflation side, but not me.

    • On March 24, 2012 at 4:14 pm,
      Mark Alan says:

      I think Richard is right in many cases. But let’s not forget, we can have deflation in SOME sectors, whereas we can have inflation in others. They can exist at the same time, but generally one, or the other will become the next cycle. I honestly feel that despite the aspects of a slowing global economy, the PMs will actually do rather well. My reasons being the fiat money system and total outstanding debts which are ALL lending to major geopolitical tensions.
      But thanks Richard for all you do! I really like to hear everyone’s work being expressed on this blog as it allows me to go back and reconsider something I may have missed or something I have never thought about.

      Thanks guys and gals!

    • On March 24, 2012 at 5:03 pm,
      Big Al says:

      Hi Richard,

      I would like to get both you and Bobby on the show giving both of your reasons for each one.

      You guys willing to do that?

      I would welcome it.

      Big Al

      • On March 24, 2012 at 7:36 pm,
        Richard says:

        Al, I would agree to come on your program and give my view on what I see coming in the future.

        • On March 25, 2012 at 9:02 am,
          Big Al says:

          Okay, back at you this week!

          Big Al

    • On March 24, 2012 at 5:46 pm,
      Jerry O^OTB says:

      Prector….says deflation……he has been wrong for 11 years..
      Sinclairs,,says inflation……he has been correct for 11 years…
      so, maybe time for a switch…?

  17. On March 24, 2012 at 3:13 pm,
    Karen says:

    Hi Richard,
    With the amount of money printing around the world I think we will see more inflation. You already see it at the stores and the gas pump. I also think that the velocity of money is a real concern that is just around the corner. How do you see it as deflation?

    • On March 24, 2012 at 3:52 pm,
      Dennis M. O'Neil says:

      PM’s and commodities may go down in price nominally but they (miners) perform best in real terms in a deflationary situation. Cost of production go down and purchasing power of the target resource go up. Awesome!
      Look what happened in the resource sector in the 30′s – today we have dilution from what will ultimately come this way by ETFs.
      Richard another thing to think about when you DYODD.
      It may be sad to see a stock down in p/s as the goal is obviously to make money.
      But ask yourself what else has changed for the stock.
      Like some here….I own some the stocks mentioned by Ron Hera on Al’s excellent show today. ( for the purpose of this post I will not name it- it is not the point- so many good ones referred to today).
      One I am thinking about is:
      1) down in price y/y and m/m for that matter….bummer!
      but they also
      2) kept share structure in tact
      3) drilled off a couple million more ounces
      4) put in place infrastructure
      5) has a fully funded 2012 campaign
      6) has sufficient cash in the bank for 2013 and beyond,
      7) the target metal is up y/y (you can think of there land as a vault with extraction rent), and
      8) due to profit taking here and there I have more (almost double) the # of shares I did last year.

      For me this is an overall good thing. If you do not need it Tuesday I am OK with volatility and the above picture.
      Any investment is the wrong investment if you are staring at your ceiling at 2AM instead of sleeping. Situated yourself so you sleep well and then be patient.

    • On March 24, 2012 at 4:15 pm,
      Mark Alan says:

      Yes! Thank you Karen!
      Velocity of money IS just around the corner and I believe, a man named Richard Mayberry who writes the “EARLY WARNING REPORT” is saying the same thing.

    • On March 24, 2012 at 7:44 pm,
      Richard says:

      Karen, as mentioned below I believe we’ll see another period of deflation in some areas and are starting to see it in commodities. Of course, we have it in housing and some other areas. Since about 2005, we’ve seen median incomes in this country drop from about $53,000 to $49,000. When you look at retirement accounts no longer being contributed to by companies along with employees having to contribute more and more co-pays etc. to their health care you can see a “deflationary” process in this area. You’re right about velocity. I’ve been watching that very carefully since ultimately that’ll be the warning sign for ever greater inflation. So what I’m essentially saying is that currently you’re seeing a push/pull between inflation/deflation. I believe we’ll continue to see that as the world continues to deleverage. But ultimately, the day will come when I believe inflation will win out. But we may still be a ways from that day.

      • On March 25, 2012 at 9:04 am,
        Big Al says:

        I am in your camp, Richard.

        Big Al

  18. On March 24, 2012 at 6:29 pm,
    Clay says:

    Lew Rockwell interviews David Stockman, one of the best interviews of the week. Will the Fed confiscate retirement accounts? Will the Fed implode and impose wealth taxes and national property taxes? Cost of wars are probably going to be the end of the US.

    http://www.lewrockwell.com/lewrockwell-show/2012/03/22/265-the-system-is-paralyzed/

    • On March 24, 2012 at 7:08 pm,
      Dennis M. O'Neil says:

      I was thinking about watching a scary movie like Psycho or The Exorcist instead I will listen to Mr. Rockwell and Stockman scare the fiat out of me!

      WARNING!!!! Below is a link to one of the scariest scenes and best directed scenes in film history. And if you pay attention it will teach you how to do a better power point presentation….Go figure:
      http://www.youtube.com/watch?v=wBAMzmQ2SqQ

      • On March 24, 2012 at 7:27 pm,
        Mark Alan says:

        AHAHAHAHAHAHA!!! AHAHAHAHAHAAHA! NOW THAT was funny Mr. O’Neil! Good one!

        • On March 24, 2012 at 7:49 pm,
          Dennis M. O'Neil says:

          The Stockman interview was very scary!
          Clay’s link also provides a secondary link to his Henry Hazlitt lecture. Well worth it!
          In Mr. Stockman present he comes down hard on Nixon for August 1971.
          Rightfully so….. to a certain extent …..he should of played the cards he was poorly dealt.
          But I have to at least allow Nixon’s blame to be shared with FED based debt dollar, FDR and LBJ who set the course for Karen’s dependency/vote gathering scheme that will plague us until it does not.

        • On March 24, 2012 at 9:16 pm,
          Dennis M. O'Neil says:
          • On March 25, 2012 at 9:14 am,
            Big Al says:

            Richard Pryor was one of the best comedians of all time! Ever see his “first man on the sun”? I thought I was going to die!

            Big Al

      • On March 25, 2012 at 9:10 am,
        Big Al says:

        I saw Psycho, the first time, when I was just a kid. Went opening night and thought it was absolutely genius. Much of Hitchcock’s stuff was.

        Big Al

    • On March 24, 2012 at 10:02 pm,
      D. Brophy says:

      Hi Clay and Al, it looks like Sean Brodrick seems to be rather of a bear kind of person, I guess holding his powder in a nice dry place, and look and see what`s around the corner. Clay looks like, what I`m looking at too, all the while Asia is the new renaissance as to what`s its seeing http://www.goldmoney.com/gold-research/alasdair-macleod/asias-golden-future.html where as we are stuck in a file log that`s going nowhere. The new world experience is beginning to look like the old world has come to America. Obama`s experience is like that of an old communist trying to relive his past roots. In what was once were deep entrenched Communist Nations: China, Russia are now it seems that birth of freedom in distant lands may be the new frontier. These nations have experienced that socialism never did work, so they embraced what the old America used to be. The Old World doesn`t want what we now have – hence the MAD threat of WWIII as to a hands off approach to Iran. http://uk.reuters.com/assets/print?aid=UKL6E8EL80I20120321 <Interview-High-frequency trading distorts commodities prices http://www.bloomberg.com/news/print/2012-03-15/u-s-may-sanction-india-over-level-of-i… < U.S. May Sanction India Over Level of Iran-Oil Imports

      • On March 25, 2012 at 9:32 am,
        D. Brophy says:

        oooops on link above this should work http://www.bloomberg.com/news/2012-03-15/u-s-may-sanction-india-over-level-of-iran-oil-imports.html also of interest is http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=147765&sn=Detail&pi <“Though India has been the world`s largest gold market fo decades, in the final quarter of 2011 there was a 50% decline as compared to the same period in the previous year. This is a significant decline in the demand for gold. The collapse in the value of the rupee also made gold more expensive for Indian consumers,“ said Raghu Rajan, bullion expert. Since there is an element in this country(the U.S.A.) the Fed-Ben B., W. Buffett, and others to stop the gold commodity market here probably thinking that investers will go to the stock market instead hence to strengthen the dollar and the bond market.

  19. On March 24, 2012 at 7:35 pm,
    Richard says:

    A lot of great comments in the last few comments proffered. Yes, Al, I would agree to come on your program. Mark Alan, Karen, Dennis, and Jerry make very appropriate comments. We have recurring push/pull between deflation/inflation. You have deflation in some segments of the economy (housing, median income, etc.) and inflation in many of the other areas. With global money printing, ultimately inflation will win out. Currently, we’re seeing some breakdown in many commodities. You can bet that when the markets turn down, the Fed will be right there to support the markets, again. The Fed k nows that the only way to squeeze out of this dilemma is inflation as far as their control over monetary policy is concerned. Growth will in no way be a prime mover. That’s why ultimately I believe we’ll see “stagflation”. I will stay with precious metals and will start to add to my positions again in the next few weeks since I believe it’ll be the last time we’ll ever see these kind of prices again.

    • On March 25, 2012 at 10:51 am,
      Jerry O^OTB says:

      Richard,,I think you are correct….

  20. On March 24, 2012 at 8:15 pm,
    Dennis M. O'Neil says:

    It pays to be conscious of price.
    It pays more to concentrate on value.

  21. On March 24, 2012 at 10:29 pm,
    MissiveDuTexas says:

    To be honest, Mr. Williams’ response to your question about bonds scimming a nation`s wealth made me go “Hmmmm”…

    It is difficult for me to understand how one may say he is right but…

    Anyway, maybe if you had someone from one of the several regional federal reserve banks on the show to really tell us how the currency is made into existence and how it is then loaned at interest to the government where that power resides anyway (they voted the currency laws and the Fed).

    An interview with some international lawyer on the subject of “odious debt” might be interesting as well.

    In the meantime, Mr. Williams might find another line of inquiry in a book by Charles Walters: “Unforgiven – The Amercian Economic System SOLD for debt and war…”

    Fascinating read, the basis for Raw Materials Economics and the root of a scientific approach to economics based on LAWS, not theory.

    • On March 25, 2012 at 9:16 am,
      Big Al says:

      Thanks for the tip, MissiveDuTexas,

      I will definitely check it out!

      Big Al

    • On March 25, 2012 at 12:47 pm,
      Matthew says:

      It sounds unthinkable today, but the government should be funded by taxes alone, and those should be constitutional taxes. However, as long as the government does spend beyond it’s means, it should have to borrow from the market at market-set interest rates -which we don’t have.

      The problem is that the government borrows at all, and that it does so from an entity that produces capital out of nothing. If the government were to create capital out of nothing for itself, the effects would be identical since it would still be transferring value from savings and the real economy, to itself. This is the most insidious taxation of all because most do not recognize it as a tax, and, therefore, would do nothing to stop it, or protect themselves from it. We see it everywhere today; no one is interested in putting things right because few know what right is.

      In the context of the interview, Grant’s answer was fine. He did mention that the Fed should not be influencing rates. Al did not ask him if the government should be borrowing at all, nor did he ask him about the creation of money.

      Bottom line, as long as you hold to Bill Still’s (non)solution, you favor central planning over individual choice. You merely trade one master for another. It is simply absurd to think that a few men appointed by the drooling masses would have a better outcome than individuals acting freely and in their own interest. The irony that’s eternally hidden from the masses, is that the solutions that benefit the collective always come from the solutions that, first and foremost, benefit the individual. The Bill of Rights, freedom of speech, due process, equal protection of the laws, etc., all MUST be recognized as individual rights. Today we have faceless groups and corporations asserting these rights as if they are individuals. When these rights are afforded to, and become the domain of, such entities, each individual becomes a slave to an illusion. 99.9% of the population suffers a total loss of freedom under such an outcome. Only those who are above the law benefit.

      From: James Madison and the Dilemmas of Democracy
      http://www.city-journal.org/2011/21_1_urb-james-madison.html
      The following is pertinent:

      Even under free, popularly elected governments, man’s God-given rights remain off-limits to state interference. Yes, the “will of the majority” ultimately rules, “but it is also true that the majority may trespass on the rights of the minority,” and such a trespass on fundamental rights is as illegitimate as the arbitrary will of an absolute monarch. Any rulers who “overleap the great Barrier which defends the rights of the people”—even popularly elected rulers carrying out the will of the majority—“exceed the commission from which they derive their authority, and are Tyrants,” differing from “the Inquisition . . . only in degree.” A democratic tyranny may seem a contradiction in terms, but it can be all too real.

      Beyond showing him that majority rule could turn tyrannical, Madison’s early political career proved an education in popular government’s shortcomings at all levels: individual, state, and national. In his bid for reelection to the assembly in 1777, he wouldn’t lay out the usual free drinks and food that voters expected, thinking the custom “inconsistent with the purity of moral and republican principles” that he was “anxious to promote by his example,” he later wrote. The voters, short on the requisite republican purity, viewed his behavior “as the effect of pride or parsimony” and voted him down as a prig. Both as a professional politician and as the framer of a government, he never again made the mistake of expecting ordinary people to be prodigies of virtue.

      • On March 25, 2012 at 2:22 pm,
        Big Al says:

        Hi Matthew,

        Listen to my Daily Editorial for today.

        Great comment from you!

        Big Al

      • On March 25, 2012 at 10:04 pm,
        John W. Robertson says:

        Hard to top that Matthew. But it reminded me…

        Harry Reid bussed-in voters in Nevada in 2010, from remote areas, or for those who did not have a car. He served them lunch and drinks. Sharron Angle lost to Harry Reid for US Senate. And free food wins again.

      • On March 26, 2012 at 6:11 am,
        Jerry O^OTB says:

        matthew….GREAT POST….I GUESS THAT IS WHY THEY DO NOT TEACH HISTORY
        OR GOVT….IN HIGH SCHOOL TODAY….

      • On March 26, 2012 at 9:01 am,
        irishtony says:

        MATTHEW……Thanks for the link to …MADISON………WOW.

        • On March 26, 2012 at 9:40 am,
          Matthew says:

          You, sir, are very welcome!

      • On March 26, 2012 at 12:23 pm,
        Dennis M. O'Neil says:

        Matthew….That is an awesome thought provoking post.

        Thinking about it….. I find it fitting that it is the “Madmen” of Madison Avenue that provide the fashion facade that makes Madison’s pessimistic conclusion true to this day.

        Your examples speaks to direct benefits. Today we deal with the mass media psych babble of “identifying with” or “getting it”.
        How many vote for the guy with the best hair or tie. If you have ever gone to the track and bet exclusively on Jockey silk colors you know how far superficial will get you.
        How did we make it 236 years.

        • On March 26, 2012 at 1:23 pm,
          Matthew says:

          Good observation re: “Madison” Avenue! It seems appropriate to re-post the following here:

          “The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. …We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons…who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.” – Edward Bernays, Propaganda, 1928

          “If we understand the mechanism and motives of the group mind, it is now possible to control and regiment the masses according to our will without them knowing it.”
          –Bernays

          • On March 26, 2012 at 2:18 pm,
            Dennis M. O'Neil says:

            There is a quote…I could not find it?
            But it is paraphrase: Crowds go insane together all at once, and each person regains their sanity one at a time.
            The idea is there but the quote I am thinking of is better.

            When you truly know yourself and think critically it is difficult to go to a Maroon 5 concert and pretend they are the best band ever. Or so I told my wife was the reason I did not want to go. It is amazing in performance art, live sports and even political rallies how people can suspend themselves from their own individual self and assume the tribal conscience of the crowd. It is akin to what James Dines speaks to as a murmuration.
            Beware of a murmuration when it grabs onto a revolutionary truth.

            James Dines referenced the below link to visualize mass psychology evidenced in nature….it is pretty cool:

            http://www.youtube.com/watch?v=iRNqhi2ka9k

          • On March 26, 2012 at 4:00 pm,
            Matthew says:

            It sounds like you’re looking for this one:
            “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.”
            ― Charles MacKay, Extraordinary Popular Delusions & the Madness of Crowds

            Thanks for the link.

  22. On March 24, 2012 at 10:55 pm,
    Dennis M. O'Neil says:

    What is a government bond but a commitment to dedicate future government revenue to payment of the debenture.
    It is the classic Wimpy….sooner or later it becomes much more difficult to borrow your next meal and you may even resort to fraud(that is if you have not already).
    http://www.youtube.com/watch?v=jIS8vnzX3dw

  23. On March 25, 2012 at 7:45 am,
    Dennis M. O'Neil says:

    An excerpt of an article about an excerpt…. a mastery of cut and paste …..go figure…..but stick with it!
    Below is a link provided by Silverseeker123 in a response to a post of mine over a year ago. Silverseeker tends to quote form Andrew Jackson’s 1837 farewell address and if you read it you would be forced to conclude rightfully so.
    The article linked to was written by John Rubino who co-authored a book with James Turk one of Al guest this week. (The Collapse of the Dollar and How to Profit from it)
    Below is an excerpt of a more lengthy excerpt of said speech. I would encourage study be given to the whole speech. As below Mr. Golovin points out the problems we have today are not unique to our day. Realizing the caliber of this forum this speech has likely been studied before but it never hurts to re-examine something that should have our attention.
    Link followed by excerpt: http://dollarcollapse.com/articles/irony-andrew-jacksons-image-on-a-federal-reserve-note/
    John Rubino, writes:
    Karl Golovin, a retired customs agent and security director for Ron Paul’s presidential campaign, just forwarded a transcript of Andrew Jackson’s farewell address. It’s pretty amazing. Here’s Karl’s intro, followed by an excerpt:

    “During his presidency, Andrew Jackson viewed as his crowning achievement that he “Killed the Bank,” the 2nd Bank of the U.S. Our current ‘Federal Reserve,’ created in 1913, is the 3rd Bank of the U.S. Jackson was intent upon restoring an honest, Constitutional monetary system. There probably never has been written a more articulate, prophetic vision of what calamity would befall our nation if we did not diligently stay that course, as argued by Jackson in the following excerpt from his farewell address in 1837. It reads as if written this very day about our present financial circumstances:”
    “The paper-money system and its natural associations–monopoly and exclusive privileges–have already struck their roots too deep in the soil, and it will require all your efforts to check its further growth and to eradicate the evil. The men who profit by the abuses and desire to perpetuate them will continue to besiege the halls of legislation in the General Government as well as in the States, and will seek by every artifice to mislead and deceive the public servants. It is to yourselves that you must look for safety and the means of guarding and perpetuating your free institutions. In your hands is rightfully placed the sovereignty of the country, and to you everyone placed in authority is ultimately responsible. It is always in your power to see that the wishes of the people are carried into faithful execution, and their will, when once made known, must sooner or later be obeyed; and while the people remain, as I trust they ever will, uncorrupted and incorruptible, and continue watchful and jealous of their rights, the Government is safe, and the cause of freedom will continue to triumph over all its enemies.
    But it will require steady and persevering exertions on your part to rid yourselves of the iniquities and mischiefs of the paper system and to check the spirit of monopoly and other abuses which have sprung up with it, and of which it is the main support. So many interests are united to resist all reform on this subject that you must not hope the conflict will be a short one nor success easy. My humble efforts have not been spared during my administration of the Government to restore the constitutional currency of gold and silver, and something, I trust, has been done toward the accomplishment of this most desirable object; but enough yet remains to require all your energy and perseverance. The power, however, is in your hands, and the remedy must and will be applied if you determine upon it….”

    • On March 25, 2012 at 2:22 pm,
      Big Al says:

      Really a great comment Dennis!

      Big Al

  24. On March 25, 2012 at 7:59 am,
    Clay says:

    Another good point on bonds By Michael Pinto.

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/24_Pento_-_Ultimate_Collapse_%26_Real_Reason_Interest_Rates_Rising.html

    A few minor confusions in Michael’s piece, where he mentions drop in bonds when he meant bond rates not bond prices, perhaps this is a translation error. In any case we all know that bond prices and rates go inverse.

    To understand why bond prices and rates are inverse, this is one reason. When treasuries are issued the Rates and duration are fixed and the price is determined by the amount of up front money used to buy the bonds. After the auction and when the owner gets the paper to the bonds, they can sell the bond to someone else in the open market. Because the interest rate on the bond and its term to maturity is fixed, the only negotiable part of the bond is its price. When prospective buyers consider buying an issued bond, they will look at all the other bonds available including some new ones coming up for auction. If they conclude that risk or interest rates on bonds of similar issue are going to rise, the older bond being sold will have to drop in price in order for the nominal interest rate on the bond to rise to attract buyer. So in essence the new owner of an older bond pays less for the bond and receives a nominal higher interest rate.

    Because the total amount of past issued treasuries is huge compared to new ones, although Obama and the Fed are quickly trying to change this, the market for bonds is normally set by the market for older bonds and not by new auctions. But in last couple years things are not normal because the Fed is printing money, giving this money to primary dealers who in turn buy new and older treasuries, whether this be QE or not. Such massive new liquidity has forced rates down.

    This is being done throughout the world, Japan, Europe, Britain and even China through their own bond and money markets. Liquidity is the object of increase to reduce risk of deflation, or so the money maestros believe. But because bankers are normally both greedy and weak because otherwise they would not be bankers, there are great temptations to hypothecate, re-hypothecate and borrow or use this liquidity for speculation in mostly short term gain. Not all bankers are this way or do this, but the big ones are.

    This is what Pento sees and understands, and something more and more people are beginning to understand, such as Bill Gross. We see people like Bernanke, Roubini and Buffet becoming increasingly frustrated and angry, blaming people who believe in gold as money as the reason they can not lift themselves up by pulling on their shoe laces.

    I believe the above is the cause of corruption, financial crimes and fraud we see increasing month by month. The longer this stews the greater the smell of what used to be called “Conspiracy Theories” increases. Where there is smoke there is probably fire, and when these money maestros like Bernanke begin trashing gold and silver, I smell the likelihood that most of the gold held in depositories like Fort Knox, or in the GLD, SLV or under the New York Fed Building is being diluted by hypothecation, rehypothecation, increase in multiple ownership for fixed amount or removed outright.

    • On March 25, 2012 at 9:18 am,
      Big Al says:

      You guys have given me some great homework for my flight down to Oakland.

      By the way, “iambic pentameter”,I have not heard that since grammar school!

      big Al

      • On March 25, 2012 at 9:45 am,
        Dennis M. O'Neil says:

        “That thou her maid art far more fair than she.”
        WS

        • On March 25, 2012 at 2:24 pm,
          Big Al says:

          Good old Will!

          It took me awhile, but I finally did develop an appreciation for his works!

          Big Al

      • On March 25, 2012 at 9:48 am,
        Clay says:

        Al. Math is hard for me, thinking even harder, but attempting to combine both into poetry removes all doubt about by my ignorance and stupidity.

        • On March 25, 2012 at 2:24 pm,
          Big Al says:

          I guess I have to say, “me too”!

          Big Al

      • On March 25, 2012 at 11:17 am,
        Mark Alan says:

        And that is the whole problem as well, Al! Our educational system doesn’t teach the GREATS any more. Ask a high school student today to diagram a sentence and they look at you like you just spoke Greek. Many can’t do it because most schools don’t teach it. But oh well…2+2 now equals 5 according the government.

        • On March 25, 2012 at 2:25 pm,
          Big Al says:

          Doesn’t it, Mark?

          Big Al

  25. On March 25, 2012 at 1:43 pm,
    Dennis M. O'Neil says:

    “You cannot teach what you do not know!”
    That gem was found in my fortune cookie 1/13/2009.

    I save them all. So one day I asked the delivery dude as he stood on my porch.
    “So why do you always give my so many fortune cookies…is it because we order too much food?”
    He said “No Mr. Dennis….you good custamaaaaa!”
    So I got that going for me… I think?

    Castanhiero…I am making manicotti as I type.

    • On March 25, 2012 at 2:26 pm,
      Big Al says:

      Dennis,

      The little blond lady does a great manicotti.

      We are having dinner later in San Francisco at Cafe Sport. I understand it is some of the best pasta in the world.

      Will let you know,

      Big Al

      • On March 25, 2012 at 7:51 pm,
        castanheiro says:

        Ok, Big Al,
        Enjoy your dinner with your ‘little blond lady’. Sounds like a great restaurant.
        Best to your family

    • On March 25, 2012 at 7:50 pm,
      castanheiro says:

      Hi Dennis,
      You’re the man. You just might inspire me to tackle that this week.
      As you said, ‘bon apetite’!

      • On March 25, 2012 at 8:34 pm,
        Dennis M. O'Neil says:

        Low and slow on the simmer.
        Start your simmer….start to watch Godfather I and II…..the aroma adds to the movie…. the sauce is ready when the Tahoe bedroom window is machine gunned.

        The highlight tonight was a 1985 Château Lynch-Bages, Bordeaux, Médoc, Pauillac.
        Stellar combination with my sauce. The wine was at peak.
        I think Al might get made if we turn his site into a recipe exchange.
        Good wine makes up for bad food and average dates.

        • On March 26, 2012 at 12:59 pm,
          Jerry O^OTB says:

          I FIND THE 85 chateau a little lacking in bouquet….have you tryed the 87…

          • On March 26, 2012 at 8:05 pm,
            Dennis M. O'Neil says:

            ‘ 85 was the later year in the progression that introduced me to it.
            I will inquire though.
            The reason I pulled it was I felt it timely…because I enjoyed it so much…. this may suggest I have 2 years to discover the ’87.
            87 was a good year in my life we will see how it was for the selection.

          • On March 27, 2012 at 1:41 pm,
            Jerry O^OTB says:

            dennis……I was only joking…..please do not spend any money, rather just
            send it to Al..

        • On March 26, 2012 at 10:31 pm,
          castanheiro says:

          Ok Dennis,
          I’m cutting and pasting these great tips from you, and putting together a great recipe. Thanks much. I’ve never been much for wine. Never developed a taste for it. I must be missing something. I’ve heard many people say that good wine really enhances the dining experience. I’m guessing you would agree?

  26. On March 25, 2012 at 8:01 pm,
    MissiveDutexas says:

    Matthew – What to do about a business that can loan out what does not exist? I’m of course talking about fractionnal reserve banking. They, by the movement of debt instruments, also create money out of thin air. Should we not also address that as well as constitutional taxes?

    I heare the main talk around here somewhat demonizing those on government assistance of all kind.

    The reason things are like they are is generations have allowed ever so small incroachments on their liberty and unconstitutionnal actions. We shall not get out of this mess in one generation (although, if a majority understood was is really happening, we could), and we certainly will not get out of it by pointing the finger at those caught in the government`s nests of dependancy.

    I`ve recently been re-acquainted with our utmost private property: our conscience. And then I realized how much the powers that be want to take that away as well.

    • On March 25, 2012 at 9:24 pm,
      Matthew says:

      Vendor financing is not the same thing as fractional reserve banking. It, in fact, thrives DUE TO fractional reserve banking. Under a sound monetary system, businesses have to compete for a piece of a finite pie. The desire to extend credit would be greatly curtailed, just as the desire to take on debt would be greatly curtailed. Only in a “money out of nothing” system do we see prices for everything rising together. With an honest money system, price rises in one area of the economy comes at the expense of a price decline in another area. Without infinitely available money from the banks, debt/credit is then seen as the onerous, risky thing it really is.
      Prior to the creation of the Federal Housing Administration (FHA) in 1934, most home loans were limited to 50% of the home value. They were usually for 5 years, sometimes 10 years.
      The masses still don’t understand that a longer term is not beneficial to them. Nor do they understand the smoke and mirrors involved. For instance, many today took on a mortgage due to the very low rates. What most don’t understand is that as rates fall, prices rise since more people can now attend the “auction” and bid against people they wouldn’t otherwise be able to (those willing to go into debt are able to at the expense of savers!). So any benefit of a low rate is cancelled out. Consider the current mess. If you had purchased a $600k house at 6.5% in 2007, and it is currently worth $300k, your real rate is 13%. And just imagine if the current rates double to 8%. This would result in the house price falling by half again (or more). Your real rate would then be 26%.

      The overwhelming majority have chosen to throw caution to the wind and live it up by denying themselves nothing, and we’re not supposed to point a finger? With few exceptions, no one was stopping people from living within their means. No one was stopping them from saving. No one forced anyone to reward their own mediocrity with RV’s, boats, motorcycles, vacations, cosmetic surgery, or 6,000 square foot homes. People will just do anything to avoid thinking.

      There’s two sides to the current problem. Manipulation and deception on one hand, and willful ignorance and blind trust on the other. The bankers/government play chess while the people play Chinese checkers.

  27. On March 25, 2012 at 9:39 pm,
    MissiveDutexas says:

    “The overwhelming majority have chosen to throw caution to the wind and live it up by denying themselves nothing…Manipulation and deception on one hand, and willful ignorance and blind trust on the other. ”

    Are you aware we`ve been under a massive program of social engineering for over one hundred years? Most people took on debt with the belief, widely spread through the media, that the asset purchased could only increase in value. Even Bernanke pushed that line before congress when asked about housing prices.

    “The bankers/government play chess while the people play Chinese checkers.”

    Seems to me they got you playing the dichotomy game as well, the smart ones who pay attention and the other idiots on government assistance.

    As long as we allow ourselves that limited vision, the bankers win.

    • On March 25, 2012 at 11:19 pm,
      Matthew says:

      Social engineering, NO KIDDING! “Most people took on debt with the belief…blah, blah blah”. And people pushed worthless dot com stocks to the stratosphere because…. And they bought gold in 1980 for 25 times the 1970 price because… And people spent their life savings for a tulip bulb in February, 1637 because…
      Can’t you SEE what you are up against?! Ignorance is the root of evil, followed closely by group think/mass delusion. People who don’t take their own wellbeing seriously will get what they deserve. The collective will never do what needs to be done because they will never agree on what needs to be done. Individuals have to do what they need to do to protect themselves. There’s no way around it. It’s not my rule, it’s nature’s rule. No matter what kind of system is in place, survival of the fittest cannot be repealed.
      It is precisely because of this widespread, well-proven, intellectual laziness that sound money is a must. It is simply inhumane that the least among us should be expected to cope with a system of theft such as you advocate for. If you understood money, in particular as it relates to interest rates, you would understand that even stupid people are protected -without their knowledge- by sound money. Bernanke’s cheerleading couldn’t have compelled anyone to take on debt if interest rates had been set by the market. Why? Because savings were very scarce! Interest rates should have been very high, and credit worthiness highly scrutinized. People would have been UNABLE to buy a house when it was unwise to do so. In addition, business owners wishing to expand their operations using debt OR savings would have been protected as well. How could their savings have been protected as well, since nothing was stopping them from spending it? Because the artificial, booming economy built on easy money/credit would not have existed. No booming economy, no urge to expand the business. When markets are allowed to work, a robust economy reflects genuine prosperity since it is built on actual savings, not debt. The last boom was throwing off false signals and getting everyone into trouble. It did NOT reflect the reality that savings and disposable income were at record lows. So everyone was tricked into a “Let’s Misallocate Capital Festival! Yaaay!” Gold is also “green” for the same reasons. The chopping up of forests, farmland, and water rights by dumb money wouldn’t have been possible (or desirable) either.
      Truly free markets balance themselves naturally.

      Lefty do-gooders will never understand the damage their crazy ideas inflict on the very people they claim to be helping. Central planning leads to misery spread far and wide.

      By the way, when have the bankers ever not won?

      The realist knows, “We’re all in this alone.” -Lily Tomlin

      • On March 26, 2012 at 6:16 am,
        Jerry O^OTB says:

        matthew…..Lily was right…..

  28. On March 26, 2012 at 1:01 am,
    Jason says:

    China is pretty much moving towards having the Renminbi to be the new world currency and if they are buying all this gold up a lot countries are going to switch.
    Article from 25th March from Africas largest economy. You might find this interesting.

    http://www.fin24.com/Economy/Brics-move-to-unseat-dollar-as-trade-currency-20120325

  29. On March 26, 2012 at 6:15 am,
    Jerry O^OTB says:

    EVERYONE SHOULD CAREFULLY READ MATTHEW’S, view…from..” MADISON”,,,
    great post…..

  30. On March 26, 2012 at 9:05 am,
    irishtony says:

    JERRY Just read it…It should be read by every school child, & especially by every member of congress.

    • On March 26, 2012 at 9:35 am,
      Jerry O^OTB says:

      matthews post on madison, should be placed under ron pauls picture….in small
      print….so, in a few months , this message might not be forgotten……
      By the way…..Irish how was that HEMLOCK….

      • On March 26, 2012 at 11:46 am,
        irishtony says:

        not bad…could only manage 2 pints…….i suppose it’s an acquired taste.

  31. On March 26, 2012 at 11:30 am,
    missivedutexas says:

    Matthew – Still looking for that silver, or golden, bullet, aren’t you?

    Btw, it’s survival of the one who adapt better, not the fittest. Fittest is another propaganda hook of the system..

    For the rest, you are right, except for this: I just don’t agree at pointing the finger at one single group of victims of this whole scam. that just plays in the international financiers plans.

    We’re all in this together.

    • On March 26, 2012 at 12:23 pm,
      Matthew says:

      -Nope, not looking for what is obvious. You should reflect on your aversion to the truth. Your twisted perception was likely cultivated by propaganda. Be aware that the best propaganda is very difficult to detect. Whatever’s going on, it is a red flag that so many have such a knee-jerk disdain for an inert metal that the world’s masters do not want you to have. Could it be a global case of Stockholm Syndrome? Oh, the poor, silly herd.

      -The one who adapts better IS the fittest!

      -From what I’ve read from you, it is you who pointing a finger at a single group -the bankers. Always keep in mind that the people make the tyranny possible. If the people understood, and truly valued, what freedom is, they would have revolted a looooooooooong time ago. So the people will forever be a day late and a dollar short. If they valued knowing and understanding their world, they might learn to act preemptively, rather than only REACT to important issues. If they could be serious about injustices even during the good times instead of ONLY during hard times, things just might be different. The evidence shows that the sheep are no different than the bankers in their efforts to secure what they believe is in their best interest. The difference is that it is the bankers who ACCURATELY assess what their best interests are. The clueless masses are constantly working against their best interests without having any clue that they are doing so.

      “We’re all in this together.” — More power to you!

  32. On March 26, 2012 at 12:54 pm,
    missivedutexas says:

    “…one single group of victims of this whole scam.” So in your view, the banksters are victims as well?

    “You should reflect on your aversion to the truth. Your twisted perception was likely cultivated by propaganda…” Such strong opinions on the views of someone you’ve never met….

    “The one who adapts better IS the fittest!…” No necessarily…

    • On March 26, 2012 at 1:07 pm,
      Matthew says:

      -Come on, you know I was referring to the BLAME you place on only one side. To you, the actions of the feeble masses are off limits for critique.

      -Through your comments, I have met you.

      -Yes, necessarily. Mental fitness is even more important (much more) than physical fitness.

  33. On March 26, 2012 at 2:26 pm,
    irishtony says:

    MATTHEW I have to agree with you on Mental fitness…it’s no good being able to climb a mountain, if you didn’t know why you wanted to do it ,in the first place.

  34. On March 26, 2012 at 2:27 pm,
    missivedutexas says:

    “…the actions of the feeble masses are off limits for critique…” Criticizing can be done on anyone. I’m referring to let those “feeble masses” suffer the full blunt of manipulations instigated and controlled by the banksters by assigning blame to them. While you’re at it, why not just “let them eat cake”!

    Actually, the reaction to such attitude is exactly what will serve the next phase of the agenda: clamping down on the people.

    “Mental fitness is even more important (much more) than physical fitness” – You still don’t get it. It is the diversity found in nature that allows certain species to thrive under certain conditions and others to become instinct. Mental fitness is only one of many other aspects to consider, certainly not the main one.

    “Through your comments, I have met you.” – I’m glad you feel this way.

    • On March 26, 2012 at 3:53 pm,
      Matthew says:

      You refuse to get the point. Don’t you see that any relief has to come from individual action. It doesn’t matter what you or I think, people have to wake-up on an individual level in order to do themselves any good. An angry mob is anything but conscious. The crowd isn’t going buy gold together. The crowd is not going to address the crowd’s debt. The crowd can’t vote. The crowd, in fact, does not exist. It’s just a bunch of individuals enjoying each other’s delusions. It’s an illusion designed to strip individuality and to promote flimsy, superficial allegiances.
      Everyone is now paying the price for the irresponsibility and arrogance of the overwhelming majority. I still run into people who want to talk investments but then get defensive and angry when they hear the truth. Before 2008, it was almost smirky dismissals. I have no sympathy for these disrespectful fools. In fact, you could make the case that this shunning of responsibility is a sort of passive treason. This willful stupidity itself IS the red carpet rolled out to the bankers to come in and do as they please.
      It’s funny that there’s both an implied and overt belief that everyone is responsible for everyone else!

      “Mental fitness is…certainly not the main one.” You crack me up. I don’t know about you, but fighting, running, or arm-wrestling do not play a part in my successes or failures. I also don’t wait for nature’s diversity to allow me to thrive. I attempt to adapt. That’s what survival of the fittest is all about.

  35. On March 26, 2012 at 5:11 pm,
    MissiveDuTexas says:

    “You refuse to get the point. ” For someone who knows me so well, you should know that I have a body of knowledge that meets your arguments and find them lacking. For example:

    “The crowd is not going to address the crowd’s debt. ” Why should they be concern with that. It`s not like anyone of us got any of the trillions the fed issued to corporations around the world.

    “Everyone is now paying the price for the irresponsibility and arrogance of the overwhelming majority.” Again, it is not you or I that issued the quadrillions of derivatives now binding the planet`s populations or even put in place a massive program of social engineering over the last hundred years.

    “I have no sympathy for these disrespectful fools.” – I got that. So I guess you do agree, let them eat cake!

    “This willful stupidity itself IS the red carpet rolled out to the bankers to come in and do as they please.” – Again, no accident. Social engineering program? Just look at what has been taught in public schools for the last 75 years. People can hardly read or right if their parents don`t get involved.

    “That’s what survival of the fittest is all about.” Again, you think you know what Darwin said.

    The Theory of Evolution is based on the observation that those species best adapted to their environment over time (and that means millions of years) will survive.

    http://www.lifehack.org/articles/lifehack/true-darwinism.html

    Mental fitness will do you no good in case the suicidal nihilists get nations to use the existing nuclear arsenal.. If you were a cockroach however….

    • On March 26, 2012 at 6:59 pm,
      Matthew says:

      -That body of “knowledge” will get you into trouble if it hasn’t already.

      -Personal debt doesn’t matter? You are obviously part of the “masses” I’ve been talking about. Try taking some responsibility. Blaming others, no matter how guilty they may be, will not change anything for you (unless you have a legal claim). But it does provide you with an excuse. The wise person focuses on what he CAN control.

      -Derivatives? So what? For you to downplay the significance of nearly the entire Western World living well beyond it’s means by going exponentially deeper into debt shows me just how impressive your knowledge is. You ignore the fact that people have simply failed to show any common sense, discipline, or virtue. What kind of moron needs to be told that it is prudent to spend less than you earn? Yes, the people have been manipulated. Does that mean they can’t think? My own experiences have made it very clear to me that people do not WANT to think; especially about anything that might inconvenience or disturb them. If any responsibility comes with new knowledge, they hate it even more. But boy do they make time to chop the wind with their little flags at a football game. A huge number also have a whole lot to say about all sorts of petty little things that are well within their comfort zone. So it’s not that people CAN’T think critically about the BS that they’re fed, it’s that they CHOOSE not to. As Bernays said, “The average citizen is the worlds most efficient censor. His own mind is the greatest barrier between him and the facts.” In my interactions with family, friends, acquaintances, coworkers, strangers, and now you, this has absolutely been my experience.
      Your point all along has been that it’s not the manipulated people’s fault. So you present this vague, pipe-dream of a hope that things will change materially for the down and out if we just do something about those bankers. My point has been that the solutions will be found in the actions of individuals. Individuals don’t have to wait for sweeping changes in order to begin doing things that are right and beneficial to them. There is still so much that a person can do privately before anything is resolved publicly. If enough individuals get started, the collective will be positively affected and not nearly as stupid. Whether you agree or not, the evidence clearly supports individual action as a superior means to secure one’s future.

      -Yes, people can hardly read or right. Write?

      -I was not even thinking of Darwin. Survival of the fittest, in the here and now, should be obvious to a 5 year old. I was speaking from experience and a lifetime (mine anyway) of observation. It’s really not difficult. The more capable someone is, the more competitive, effective, or successful he will be. This means fewer mistakes, setbacks, or failures. It also means that any failure will be overcome more quickly and even learned from and used to make that person stronger still. I can’t believe I’m even addressing this.

  36. On March 26, 2012 at 6:23 pm,
    Dennis M. O'Neil says:

    I always thought that Darwin’s opus full title was scary, to wit:
    On the Origin of Species by Means of Natural Selection, or the Preservation of Favoured Races in the Struggle for Life.
    Such thought brought the likes of Nietzsche, Hitler and Stalin.
    Be careful what your heroes say…you understand the meaning to be the differentiation of Galapagos finches.
    Other read it and design ghettos, concentration camps and smoke stacks.

    • On March 27, 2012 at 7:07 am,
      castanheiro says:

      Dennis,
      You’re absolutely right. Darwin’s views and hypotheses spawned modern day racism. The atheist and evolutionist movements strongly deny this, but the truth is pretty hard to refute. Then Margaret Sanger came along, using Darwin’s thinking and she started the modern day abortion movement, out of a desire to reduce the African-American population, again tagging onto Hitler’s idea of purifying a race or culture from what she deemed was lower order breeding.(her thoughts, not mine) Again, the Women’s Lib. movement, Abortion rights movements, etc, do not want to admit this was the case, but the truth stands on its own merits. Now, of course, in more recent years, abortion has become the chosen way of eliminating the consequences(pregnancy) of a careless and permiscuous lifestyle. Yes, mankind wants “his cake, and to eat it too”, exactly what Aldous Huxley confessed, without any consequences. To stray away from God and His established Word is very, very dangerous indeed and leads mankind into all sorts of debauchery and evil.

  37. On March 26, 2012 at 6:32 pm,
    MissiveDuTexas says:

    Dennis M. O’Neil – People always point to Germany on this. The fact is, England is where it originates, where the financing comes from and where its life is maintained to this day.

    Erasmus Darwin was Francis Galton’s maternal grandfather and also Charles Darwin’s paternal grandfather. Erasmus Darwin developed a theory of evolution that Charles Darwin later expanded and refined.

    Galton defined his new word this way: “Eugenics is the study of agencies under social control that may improve or impair the racial qualities of future generations, whether physically or mentally.” But he wanted more than a little study. In 1905, he wrote about the three stages of eugenics ã first an academic matter, then a practical policy, and finally “it must be introduced into the national consciousness as a new religion.”

    http://www.eugenics-watch.com/roots/chap02.html

    “If I were reincarnated I would wish to be returned to earth as a killer virus to lower human population levels” – Prince Philip Duke of Edinburgh, leader of the World Wildlife Fund, quoted in “Are You Ready for Our New Age Future?” Insiders Report, American Policy Center, December 1995

  38. On March 26, 2012 at 7:52 pm,
    MissiveDuTexas says:

    “That body of “knowledge” will get you into trouble if it hasn’t already.” – Ya, I’ve heard that one all my life. In all cases, the comment came from someone who found it difficult to refut well grounded arguments and propositions. For me, ignorance is not “bliss”.

    “Personal debt doesn’t matter?” – You`re funny. Like this is what we`ve been discussing this whole time. There is a simply solution to individual indebtness: bankcrupcy. And I’ve help people overcome the emotionnal blocage that prevents them from choosing that option early rather than latter. It`s a business decision, and guess what, one of the federal constitutional jurisdiction. Why do you think that is so?.

    That being said, the mainstream orthodoxy would have us believe now that nations cannot, do not have the right, and should never reset the button with a nice clean bankrupcy. No, no. They should privatise their services, their resources, put tolls on existing roads, cut government assistance, raise taxes, sell greek Islands, bla, bla, bla. All I’m doing is introducing the FACT that the government allows banks to create money out of thin air and then expects us to pay interest on it. And if it gets crazy, I also point out their an international legal precedent called “Odious debt” where looted nations can have relief. And trust me, all western nations are currently being LOOTED!

    “Derivatives? So what?” Now you show your ignorance. You should at least know that these are in nature insurance, yet without any of the requirements an insurance has on its business.

    Warren Buffett has called derivatives, a “financial weapon of mass destruction.” That was 2002. Wall Street never listens to Buffett, which is why he makes billions bailing out the weak and pathetic. Derivatives grew into a massive bubble, from about $100 trillion to $600 trillion by 2011.

    http://seekingalpha.com/article/310194-derivatives-the-worlds-biggest-margin-call-and-how-to-play-it

    “…if we just do something about those bankers. …” You are missing the point of my narative. I’m just trying to point out who the culprits are and how they do their deeds. The results of their actions can be found in the groups of “idiots” you so much dislike. I just point out you are blaming the victim, not the guilty.

    “…the evidence clearly supports individual action as a superior means to secure one’s future..” That`s debatable under certain circumstances:

    The Mother of All Stats
    http://jpfo.org/filegen-a-m/deathgc.htm#chart

    “The more capable someone is, the more competitive, effective, or successful he will be.” If allowed, I agree. The sociopaths in control, however, will not allow it.

    “-Yes, people can hardly read or right. Write?” – Potato, potato… I`m sure you can find worse in what I’ve rote bafowe.

  39. On March 26, 2012 at 8:29 pm,
    Dennis M. O'Neil says:

    There exists a culture of light and a culture of darkness.
    It is easy to see in which culture one resides.
    I tend to originate modern blame with Malthus another Englishman.
    The eugenics movement cannot be denied and boast many famous Americans in their mix.
    There is a culture of life and a culture of death.
    It is easy to see in which culture one resides.
    Some try to pretend they do not need to declare…I am neutral….leave me alone….
    can we talk about something else….no religion or politics….. there are so many ways to ignore the reality.
    There is a culture of good and a culture of evil.
    If you choose not to recognize reality you are assisting darkness death and evil.

    • On March 26, 2012 at 9:41 pm,
      Matthew says:

      “If you choose not to recognize reality you are assisting darkness death and evil.” -Exactly.
      Eternal vigilance is the price, as the founders said of the republic.

      As long as most of the population is fearful of truth, and I don’t know what the threshold is -60%?, 80%?- the roots of evil will be nourished by the darkness that is ignorance. It could never take hold, flourish, and ultimately dominate in an enlightened society. Countermeasures could never accomplish what education alone could.
      Given the current state of confusion and dependence, things do not look hopeful in the short term.

      • On March 27, 2012 at 7:46 am,
        Dennis M. O'Neil says:

        Natthew I have enjoyed many of your posts but these last few posts is where the rubber hits the road.
        Either we are created by design and things matters.
        Or we are here sucking air out of random chance and anything goes.

  40. On March 27, 2012 at 9:02 am,
    Matthew says:

    Are you implying that I have said that things don’t matter and that anything goes? If so, you have misconstrued what I have written. My point all along has been that there are two sides to most problems and that the most practical way to better one’s standing, financial or otherwise, is to take action for themselves and lead by example.

    If you believe that it is wrong to strive to be the best that you can be by applying disciplined study or exercise, I completely disagree with you. If you further imply that striving to be the “fittest” is somehow detrimental to others, I believe you need to rethink some things, and of course, I disagree with you. What passes for knowledge and competence today, all too often lacks any merit, and therefore, is neither knowledge nor competence. Now how can anyone be of any use to others if what they spew or do lacks merit? Yet, here we are, the Marxist mass mind has taken over. People no longer celebrate achievement or success of any kind. No, there’s envy and even hatred. But they play the lotto!
    If the Marxist mass mind isn’t reined in, any solution to deal with banker control will be a false solution. To ignore the cycles of history is foolish in the extreme; so it is not surprising that it has become the national pastime.
    A stupid populace that could care less about truth stands no chance. This is not a profound conclusion.

  41. On March 27, 2012 at 9:13 am,
    Dennis M. O'Neil says:

    Took a phone call and pressed send to early, what I meant to send:

    Matthew I have enjoyed many of your posts but these last few posts with Missive and Casatan are where the rubber hits the road.

    Either we are created by design and things matter.
    Or we are here sucking air out of random chance and anything goes.

    The first is scenario is where your conscious and soul matter. Contemplating the mysteries of life, nature and faith have meaning. Faith that we were created by an intelligent God is necessary.

    The second scenario is science dominate and surmises the laws of nature explain most things right to the primordial soup and even back to the big bang when some such notion of two gas clouds or a concentrated amount of compressed matter exploded to start the whole randomness of our chanced life off. The question disbelievers of a designer hate to recognize is what Thomas Aquinas aptly pointed to centuries ago as the ‘First Cause’, or before that Aristotle’s reference to an ‘unmoved mover’ is……..Who created the gas clouds? At some point the scientists have to have a leap of faith…they could say those gas clouds always existed…..or they just like to start thinking chronologically after a point they must face it. Because faith has no place in science but science ends up explaining the need for faith I conclude this paradox is a proof of God in and of itself.

    Could it be that “In the beginning. God created”…along with everything else (including the laws which science relies) a complex mystery without a clear answer to make faith a requirement. God created the need for faith. If this is so then it only matters where your faith is placed. I prefer light, life and good.

  42. On March 27, 2012 at 9:31 am,
    Matthew says:

    You should also be aware that the masses already believe that anything goes. They believe that democracy is the panacea that can provide anything their degraded little hearts desire. They murder and pillage via the ballot box, stripping rights and dignity from all who oppose their unsound, reckless dreams. They even have Al saying that we should respect all views. To which I say “Really? All views? Even those views rooted in force and theft?” Just look at all the people picketing in support of Obamacare today. No, many widely held views deserve no respect whatsoever. Respect for views believed to be wrong is one thing. Respect for views that do harm to another’s person or property is another thing altogether.

  43. On March 27, 2012 at 10:04 am,
    Dennis M. O'Neil says:

    Let the sunlight disinfect.
    The trouble arises when it is realized by the people that hold the misplaced views you rightly despise that truth destroys their position….their union monopoly…their cush government almost no show job with benefits. They are threatened by our truth then in their corrupt self interest our speech is denied. Call it political correctness or coercively taking photos of you at town meetings…as if to say we know who you are….right up to the day a government van pulls up to your house to take you away.
    The truth hurts. The truth rightly destroys “revolutionary truths”. It is because of this that the debate must be denied. The opposition must be silenced.
    Scary stuff but this is the direction we are headed.

    Because the masses believe in some false instant gratification ideal means our job is just that much more difficult.

    I agree with your position on merit.