Video – Thu 24 May, 2012

Ron Hera Sees Deficit Spending On ‘Unsustainable Course’

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Al chats with Ron Hera of about the current state of the
American economy and if either of the 2012 Presidential nominees will fix the root of the problem.

To watch more videos from the New York Hard Assets show visit:

Al KorelinRon Hera

  1. On May 24, 2012 at 6:39 am,
    Bobby says:

    WOW, sounds familiar to what i stated yesterday.

  2. On May 24, 2012 at 8:25 am,
    Marc says:

    Hey Guys,
    The writing is ON THE WALL; the “outcome” is already baked in the cake; whatever – it is QE to infinity – whether that is blue or red – red or blue – a gold standard is in our future -sooner or later, AFTER “infinity” doesn’t work anymore!

    • On May 24, 2012 at 8:41 am,
      Marc says:

      BTW, as you know, already – great work as always – Big Al, Go Aztecs!

  3. On May 24, 2012 at 8:33 am,
    D. Brophy says:

    Good show Viva RON PAUL–Al Korelin and Ron Hera. I just put this on my Facebook page.

    • On May 24, 2012 at 4:50 pm,
      Big Al says:

      Thanks Mr. Brophy!

      Big Al

  4. On May 24, 2012 at 8:54 am,
    Marc says:

    Hey all,
    Take a gander at Bob Moriarity’s article “How to unscramble an egg” at 321 Gold. That should light a fire in your belly a little about this sector – if not – then as Bob says -“YOU ARE NOT PAYING ATTENTION!”
    All the best,

    • On May 24, 2012 at 9:16 am,
      Jerry O^OTB says:

      Marc……is bob waking up again……must be time for action…..

      • On May 24, 2012 at 9:22 am,
        Marc says:

        Hey Jerry,
        Good Morning!! Yes, great call….. LOL!…..

        • On May 24, 2012 at 9:27 am,
          Jerry O^OTB says:

          Marc… are you today…just read Bob’s artical….Bob is always ahead of the pack,
          I love his no BS approach….he comes up with some great ones….
          “unscramble an egg….”….as he said…..if they do not get it by now, it will soon be
          to late…..SILVER $400…is my new call….

          • On May 24, 2012 at 9:29 am,
            Jerry O^OTB says:

   not tell Irish….I am still trying to buy his silver at $26.

          • On May 24, 2012 at 9:39 am,
            Marc says:

            Yes, I think when the “dam finally breaks” you are definitely looking a three digits. Hey, I am doing good, thank you.

    • On February 1, 2014 at 6:18 am,
      Habibo says:

      Hey Emi,Would you post something about rnnniug in the scandinavian weather (autumn/winter)… The clothes, the shoes… It’s getting colder here everyday (for me at least since I just came to Norway from Asia and so used to having sun all year round :P).Plus, everything is so much expensive here, I need to know just the essentials and what works before I buy them!!

  5. On May 24, 2012 at 8:57 am,
    Clay says:

    What happens in a gambling house casino when the players figure out the house is cheating?, they either quit or figure out the rigging and change their play. What does the house do when it finds out the players figure out the rigging?, they change their rigging to gain advantage.

    What does the house do when it discovers that each time it changes its rigging some quite while some quickly figure it out to win?, the house kicks out the winners and only lets losers play. But what happens when the losers have nothing left to play with?, the house gives them credit requiring all the players to sign away their assets including children and descendents to be pledged as collateral.

    But what happens if the players decide they can’t win and will no longer play? The casino goes bankrupt and closes down.

    This is what happened in Atlas Shrugged and is happening today in the US.

    • On May 24, 2012 at 8:59 am,
      Marc says:

      Wow, how long did it take to put that “analogy” together…great post!

      • On May 24, 2012 at 9:52 am,
        Clay says:

        Marc, Not sure, I had it figured out better this morning, but forgot the better story when writing it down. Anyway, have you noticed how the banksters, fed and politicians don’t even try lying or working their deceit on the people anymore, in fact they don’t even make up excuses because people know that when their lips move, they are lying.

        But still the game goes on regardless because until such time people realize that the currencies being used to value wealth is not real and nothing but a lie, the game will continue. This will end when the majority learn that what they have voted for is never what they wanted and stop voting altogether, then the slow slide down will drop off a cliff and end the old paradigm.

        • On May 24, 2012 at 10:01 am,
          Marc says:

          Yep, absolutely…then we will watch as the lines at the coin dealers…look like something like the next ‘great bar’ to open up in ‘bar row” in Pacific Beach!
          All the very best,

          • On May 24, 2012 at 4:52 pm,
            Big Al says:


            Next great bar? Do you happen to have an address?

            Big Al

    • On May 24, 2012 at 4:51 pm,
      Big Al says:

      Yep, Clay, absolutely!

      Big Al

  6. On May 24, 2012 at 10:47 am,
    Clay says:

    Marc above who commented about people lining up in front of coin dealers brought to mind a thought about the future and what profession to learn, make a living while being of some use to the people. The idea takes me to Zimbabwe where people, businesses and governments had to find out new ways in order to cope with the collapse of their fiat money.

    In Zimbabwe they turned to foreign currencies like the Rand and Dollar, but also gold. As these newly adopted currencies replaced the Zimbabwean dollar, there was a great need for money changers, people who could determine both national and international exchange and accurately value the exchange trade in a store, hotel, business and even for the governments in Zimbabwe. Of these money changers the most important person was someone who knew the value of a precious metal item. In most case such a person was a jeweler, coin dealer, assayer or person with expertise to quickly price the item offered for exchange.

    The same thing also happened in Argentina and Wiemar Germany, where experts in precious things were treated like VIP’s by everyone because they knew how to determine price. Appraisers fit into this category, but when it comes to a common most recognizable and accepted currency it must be something that is common yet rare, divisible or where change in kind is available. Gold and Silver fit this to a historical standard, where like Ron Paul and the Austrian economists tell us that good money is that which is decided by the people and not something dictated by government decree. Bad money always chases good money out of circulation (Greshams Law) because people will hoard good money knowing that eventually the bad money is no longer accepted in trade. This is what Voltaire meant when he said that all paper money returns to its intrinsic value of “0”.

    I plan to learn and study to be a precious money changer and am thinking of starting a coin shop in the town I now live.

    • On May 24, 2012 at 10:57 am,
      Marc says:

      Clay, excellent commentary…not a bad idea..great idea…I too have entertained the idea of being a precious metal consultant – kinda generic I know…but, demand in expertise is coming…..I guess doing this for over six years counts for something, heh? I have learned A LOT and when the rush comes, people become vulnerable and prone to mistakes…maybe they can learn from the ones I have made. I am here to help…just a thought.

      • On May 24, 2012 at 4:33 pm,
        Big Al says:

        Hey Marc,

        We all learn from eachother!

        Big Al

  7. On May 24, 2012 at 10:50 am,
    Clay says:

    If I do become a money changer, I will not set up shop anywhere near a church.

  8. On May 24, 2012 at 5:06 pm,
    Big Al says:

    Good idea, Clay!

    Big Sarcastic Al

    • On May 24, 2012 at 9:30 pm,
      Marc says:

      Big Al,
      The funny thing about the bar comment is that there are like 200…that’s right…200 liquor licenses issued in PB….huh, no address needed down here – Big Al. Just fly into Lindbergh and head for the big pond directly west…then north and you could stay “liquored up’ all up and down the beach for many moons….don’t tell Kathy though…I don’t think she would look too fondly on our “bar hopping’ exploits……:).
      All the ….hiccup…best,

      • On May 25, 2012 at 6:04 am,
        Big Al says:

        HI Marc,

        On a somewhat serious note, getting “liquored up” is one thing that I really don’t need to do.

        Will be calling you later this morning.

        Big Al

        • On May 25, 2012 at 4:14 pm,
          Marc says:

          Neither do I Big Al, too much going on and too much responsibility!

  9. On October 27, 2012 at 12:44 pm,
    Ankit says:

    I bought my first M.I.L.K. bag this past srnpig/summer which also happens to be my first Michael Kors purse. It’s the Jet Set Crossbody in black with silver/nickel hardware. It has TONS of inside slots for your ID, credit/debit card(s), and money. Even after all of my M.I.L.K. items are inside, I can still fit my cell phone inside. Love it!