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

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.

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

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.

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

I sorted it , the problem was my end.

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

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

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

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

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

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.

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.

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

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

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.

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?

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/

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.

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

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.

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

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….”

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.

“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.

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.

“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.

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

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

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

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.

“…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…

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.

“…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.

“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….

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.

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

“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.

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.

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.

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.

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.

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.